DAYTON, Ohio (AP) - Ethanol maker Rex American Resources Corp. said Tuesday its board of directors has authorized the buyback of up to 500,000 additional shares of common stock, bringing the total amount of stock available for repurchase to 573,000 shares.
The company said it has repurchased 220,000 shares at an average price of $14.87 per share so far during the quarter ending Oct. 31. It has purchased 465,000 shares since December 2009.
Rex currently has about 9.5 million shares of common stock outstanding.
Company shares fell 20 cents to $15.21 in morning trading Tuesday.
source: canadianbusiness
Ethanol maker Rex American Resources Authorizes Buyback of up to 500,000 Shares of Stock
Tuesday, October 12, 2010 | Ethanol Industry News | 0 comments »
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