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Connexion Telematics Limited ( (AU:CXZ) ) just unveiled an announcement.
Connexion Mobility Ltd, listed on the ASX under the code CXZ, is conducting an on‑market buy-back of its ordinary fully paid shares as part of its capital management initiatives. In its latest daily update, the company reported that it repurchased 8,970 shares on the previous trading day, bringing the total number of shares bought back under the current program to 6,632,275, signaling ongoing efforts to reduce share capital and potentially enhance shareholder value through improved earnings per share and capital structure optimization.
The most recent analyst rating on (AU:CXZ) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Connexion Telematics Limited stock, see the AU:CXZ Stock Forecast page.
More about Connexion Telematics Limited
Average Trading Volume: 743,373
Technical Sentiment Signal: Sell
Current Market Cap: A$20.78M
For a thorough assessment of CXZ stock, go to TipRanks’ Stock Analysis page.