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Drax Group plc ( (GB:DRX) ) has issued an announcement.
Drax Group plc has executed a share buyback program, acquiring 250,000 of its ordinary shares at an average price of 651.54 pence. This move is part of a larger program initiated in August 2024 aimed at optimizing capital structure and enhancing shareholder value, with potential implications for market dynamics and investor relations.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing on power generation and the supply of sustainable biomass. The company is known for its efforts in transitioning from coal to renewable energy sources and is a significant player in the UK energy market.
YTD Price Performance: 3.09%
Average Trading Volume: 1,076,046
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.16B
See more insights into DRX stock on TipRanks’ Stock Analysis page.
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