Thorney Technologies Limited ( (AU:TEK) ) has provided an update.
Thorney Technologies Limited announced a daily buy-back notification, indicating the purchase of 250,000 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 6,630,938. This buy-back strategy could potentially enhance shareholder value and improve the company’s market positioning by reducing the number of outstanding shares.
More about Thorney Technologies Limited
Thorney Technologies Limited operates in the technology investment industry, focusing on identifying and investing in emerging technology companies. The company primarily deals with ordinary fully paid securities under the ASX security code TEK.
Technical Sentiment Consensus Rating: Strong Buy
Learn more about TEK stock on TipRanks’ Stock Analysis page.