Magnora ASA Increases Shareholding with Recent Acquisition

The latest announcement is out from Magnora ASA ( (SVMRF) ).

Magnora ASA has acquired 42,000 of its own shares at an average price of NOK 22.6162 per share, increasing its total holdings to 1,885,030 shares, which represents 2.9% of the company’s total shares outstanding. This strategic move may strengthen Magnora’s market position and reflect confidence in its ongoing renewable energy projects.

More about Magnora ASA

Magnora ASA is a renewable-energy group that develops wind, solar, and battery storage projects. It operates in Europe and Africa through various portfolio companies, including Hafslund Magnora Sol AS and Magnora Offshore Wind AS, and is listed on the Oslo Stock Exchange under the ticker MGN.

YTD Price Performance: -10.57%

Technical Sentiment Signal: Sell

Current Market Cap: $141.3M

For an in-depth examination of SVMRF stock, go to TipRanks’ Stock Analysis page.