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Perenti Global ( (AU:PRN) ) has provided an announcement.
Perenti Limited has issued an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The latest daily report shows that a total of 350,768 shares had been repurchased before the previous trading day, with an additional 95,893 shares bought back on the previous day.
The continued execution of the on-market buy-back indicates Perenti is actively returning capital to shareholders and potentially seeking to improve capital efficiency. Regular daily notifications also underscore the company’s compliance with ASX disclosure requirements and provide investors with transparency on the scale and pace of the buy-back activity.
The most recent analyst rating on (AU:PRN) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.
More about Perenti Global
Perenti Limited is an Australian-listed mining services company, trading under the ASX code PRN. It provides contract mining, drilling and related services to resource sector clients, focusing on supporting mining operations across various commodities and geographies.
Average Trading Volume: 2,918,221
Technical Sentiment Signal: Buy
Current Market Cap: A$1.96B
Learn more about PRN stock on TipRanks’ Stock Analysis page.