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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has executed a share buyback program, acquiring 100,000 of its own shares at an average price of 633.55 pence each. This move, part of a broader buyback initiative launched in August 2024, aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about Drax Group plc
Drax Group plc operates in the energy sector, primarily focused on renewable energy generation and supply. The company is involved in biomass energy production, providing sustainable energy solutions and contributing significantly to the UK’s renewable energy targets.
YTD Price Performance: -2.39%
Average Trading Volume: 1,079,278
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.33B
See more insights into DRX stock on TipRanks’ Stock Analysis page.
