By Stephen Nakrosis
Montauk Renewables said its board has authorized a $5 million share repurchase program for the company's stock.
The new program is effective immediately, and has no termination date, the company said Tuesday.
After the bell, the company's shares were trading 5.5% higher at $2.10. The stock closed the day's regular session at $1.99, losing 3.8%.
The biogas company has a market cap of $296.71 million, 143.34 million shares outstanding, and a public float of 45.62 million shares.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 15, 2025 18:12 ET (22:12 GMT)
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