An announcement from New Hope Corporation Limited ( (AU:NHC) ) is now available.
New Hope Corporation Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest notification, the company has bought back a total of 1,407,629 securities, with an additional 2,878 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about New Hope Corporation Limited
New Hope Corporation Limited operates in the energy sector, primarily focusing on coal mining and energy production. It is listed on the Australian Securities Exchange under the code NHC and is known for its involvement in the extraction and sale of coal, serving various markets with energy needs.
YTD Price Performance: -19.76%
Average Trading Volume: 2,181
Technical Sentiment Signal: Buy
Current Market Cap: $1.96B
Learn more about NHC stock on TipRanks’ Stock Analysis page.