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King River Resources Limited ( (AU:KRR) ) has shared an announcement.
King River Resources Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 1,215,077 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 65,670,808 securities repurchased. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to optimizing financial performance and market positioning.
More about King River Resources Limited
King River Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the production and exploration of gold and other precious metals, with a market focus on expanding its resource base and enhancing shareholder value.
YTD Price Performance: -15.38%
Technical Sentiment Signal: Sell
Current Market Cap: A$13.75M
Learn more about KRR stock on TipRanks’ Stock Analysis page.