tiprankstipranks
Trending News
More News >

Karoon Energy Ltd Announces Cessation of Securities via Buy-Back

Story Highlights
Karoon Energy Ltd Announces Cessation of Securities via Buy-Back

Confident Investing Starts Here:

An announcement from Karoon Energy Ltd ( (AU:KAR) ) is now available.

Karoon Energy Ltd announced the cessation of 5,316,335 ordinary fully paid securities due to an on-market buy-back, effective May 9, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market perception positively by reducing the number of shares outstanding.

More about Karoon Energy Ltd

Karoon Energy Ltd is a company operating in the energy sector, primarily focused on the exploration and production of oil and gas resources. The company is listed on the Australian Securities Exchange (ASX) under the code KAR.

YTD Price Performance: 10.41%

Average Trading Volume: 5,375,213

Technical Sentiment Signal: Hold

Current Market Cap: A$1.11B

Find detailed analytics on KAR stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App