Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc announced the purchase of 312,862 of its ordinary shares as part of its ongoing share buyback program, which was initiated in August 2024. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder interests.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing on renewable energy production and biomass power generation. The company is known for its efforts in transitioning from coal-based energy to sustainable and renewable energy sources.
YTD Price Performance: -12.58%
Average Trading Volume: 1,444,790
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.06B
Learn more about DRX stock on TipRanks’ Stock Analysis page.
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