Chemring ( (GB:CHG) ) has issued an update.
Chemring Group PLC has executed a buyback of 20,000 ordinary shares at prices ranging from 373.00 to 377.00 pence per share, with a weighted average price of 374.9252 pence. This transaction is part of a previously announced buyback program, and the company plans to cancel the purchased shares, potentially enhancing shareholder value and optimizing capital structure.
More about Chemring
Chemring Group PLC operates in the defense and security industry, specializing in the manufacture of advanced technology products and services. The company focuses on countermeasures, sensors, and energetic systems, catering primarily to military, security, and safety markets worldwide.
YTD Price Performance: 16.18%
Average Trading Volume: 1,646,539
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.02B
See more insights into CHG stock on TipRanks’ Stock Analysis page.