Tag Archive for RRE

Rockrose stock price rockets as share buyback completes

The share price of Rockrose Energy (LSE:RRE) soared over 10% yesterday on results of its tender offer of around 20% of the company’s ordinary shares. The share buyback was heavily subscribed allowing early investors the chance to exit. On cancellation of these shares, the valuation of the stock will pro-rata reduce by almost 20% at a time when…