- Energy Services of America ( NASDAQ: ESOA ) said on Wednesday that the company's board authorized a share repurchase program of its common stock for an aggregate repurchase not to exceed 1M shares.
- The number of shares is equivalent to ~6.0% of its outstanding shares.
- The program has no expiration date and will begin after the company's next earnings release in August 2022.
- The current repurchase program accounts for 2.94% of its total current market cap of $34M as on 07-July .
- Shares have fallen over 40% over the last 1-year.
- Shares jump 8.2% after-market hours.
For further details see:
Energy Services of America climbs 8% on announcing buyback for up to 1M shares of common stock