Montauk Renewables (NASDAQ:MNTK) Initiates Stock Buyback Plan
Montauk Renewables (NASDAQ:MNTK – Get Free Report) declared that its board has initiated a share buyback program on Tuesday, April 15th, RTT News reports. The company plans to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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