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Riverstone Energy Limited ( (GB:RSE) ) has shared an announcement.
Riverstone Energy Limited has repurchased 53,200 of its ordinary shares at a price of 698.00 per share on the London Stock Exchange. The company plans to cancel these shares, reducing the total number of shares in issue to 25,133,114. This move could potentially enhance shareholder value by increasing earnings per share and reflects the company’s strategic capital management efforts.
More about Riverstone Energy Limited
Riverstone Energy Limited is a closed-ended investment company that focuses on the energy industry. Its investments span decarbonisation, oil and gas, renewable energy, and power sectors across the Continental U.S., Western Canada, and Europe. The company’s ordinary shares are listed on the London Stock Exchange under the symbol RSE.
YTD Price Performance: -11.70%
Average Trading Volume: 26,755
Technical Sentiment Consensus Rating: Buy
See more insights into RSE stock on TipRanks’ Stock Analysis page.