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Dyno Nobel ( (AU:DNL) ) just unveiled an update.
Dyno Nobel Limited has cancelled 1,485,614 fully paid ordinary shares through an on‑market buy-back, as disclosed in its latest notification to the ASX. The reduction in issued capital via the buy-back will modestly consolidate existing shareholders’ equity and may signal management’s confidence in the company’s valuation and capital position, though no further operational or strategic context was provided in the filing.
The most recent analyst rating on (AU:DNL) stock is a Hold with a A$3.35 price target. To see the full list of analyst forecasts on Dyno Nobel stock, see the AU:DNL Stock Forecast page.
More about Dyno Nobel
Average Trading Volume: 5,045,008
Technical Sentiment Signal: Buy
Current Market Cap: A$5.75B
For detailed information about DNL stock, go to TipRanks’ Stock Analysis page.