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Kooth ( (GB:KOO) ) just unveiled an update.
Kooth has announced a share buyback program worth up to £1.5 million to purchase its own ordinary shares. This initiative aims to utilize the company’s strong balance sheet to address future obligations from long-term incentive plans, while minimizing shareholder dilution and capitalizing on the perceived undervaluation of the company’s shares.
More about Kooth
Kooth PLC is a global leader in the youth digital mental well-being industry. The company focuses on providing mental health support services through digital platforms, emphasizing youth well-being.
YTD Price Performance: -45.29%
Average Trading Volume: 204,727
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £59.09M
For an in-depth examination of KOO stock, go to TipRanks’ Stock Analysis page.
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