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Hexagon Composites ( (HXGCF) ) has provided an announcement.
Hexagon Composites ASA announced the purchase of 2,881,732 of its own shares as part of a share buyback program, with an average price of NOK 19.9448 per share. This buyback, which is part of a program valued up to NOK 75 million, aims to enhance the company’s market positioning by increasing its ownership stake to 1.6% of total shares, potentially benefiting stakeholders by improving share value.
More about Hexagon Composites
Hexagon Composites ASA is a company that provides innovative solutions for a cleaner energy future, focusing on the storage, transportation, and conversion of clean energy across various mobility, industrial, and consumer applications.
YTD Price Performance: -64.56%
Average Trading Volume: 5,562
Technical Sentiment Signal: Buy
Current Market Cap: $397.7M
See more data about HXGCF stock on TipRanks’ Stock Analysis page.