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Karoon Energy Ltd ( (AU:KAR) ) has issued an update.
Karoon Energy Ltd has announced an update regarding its ongoing on-market buy-back program, with a correction to a previous announcement. As of the latest update, the company has repurchased a total of 668,996 securities, with an additional 152,520 securities bought back on the previous day. This buy-back initiative is part of Karoon Energy’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Karoon Energy Ltd
Karoon Energy Ltd operates in the energy sector, primarily focusing on oil and gas exploration and production. The company is involved in the development and operation of energy resources, catering to the global energy market.
YTD Price Performance: 8.43%
Average Trading Volume: 5,016
Technical Sentiment Signal: Buy
Current Market Cap: $685.3M
See more insights into KAR stock on TipRanks’ Stock Analysis page.
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