The latest update is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has executed a share buyback transaction as part of its ongoing share buyback programme, purchasing 161,329 ordinary shares at a weighted average price of 588.12 pence per share. This transaction increases the total number of shares held in treasury to 68,342,949, while the total number of voting rights, excluding treasury shares, stands at 361,216,146. The share buyback is part of Drax Group’s strategy to manage its capital structure and return value to shareholders.
More about Drax Group plc
YTD Price Performance: -9.95%
Average Trading Volume: 1,603,844
Technical Sentiment Signal: Sell
Current Market Cap: £2.11B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.