Aurora Mobile (JG) said Monday its board has authorized a stock buyback plan of up to $5 million of the company's ordinary shares through 12 months, beginning Jan. 1.
The company intends to finance the repurchase plan through its current cash balance, it added.
Aurora Mobile rose nearly 12% in recent Monday premarket activity.
Price: 7.50, Change: +0.80, Percent Change: +11.94