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The latest announcement is out from Morphic Ethical Equities Fund Ltd. ( (AU:MEC) ).
Morphic Ethical Equities Fund Limited has announced a daily update on its ongoing on-market buy-back of ordinary fully paid securities, identified by the ASX code MEC. This update indicates that as of the previous day, a total of 4,047 securities were bought back, adding to the cumulative total of 626,695 securities repurchased since the initial buy-back notification. The buy-back strategy aims to optimize the company’s capital structure, potentially enhancing shareholder value and reflecting the company’s confidence in its financial position.
More about Morphic Ethical Equities Fund Ltd.
YTD Price Performance: 1.96%
Average Trading Volume: 31,455
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$36.69M
See more data about MEC stock on TipRanks’ Stock Analysis page.
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