L&L Energy Announces $10M Stock Buyback Program

L & L Energy, Inc. LLEN announced today that over the next 12 months the Company plans to begin a discretionary stock buyback program, purchasing up to $10 million of outstanding LLEN shares from the open market. On May 18, 2012, LLEN shares closed at $1.38 representing an approximate 52% reduction in the Company's market value since April 5, 2012. During the same period, the Company's strategy and growth remains on track and the Company is not aware of any business reasons for the price decline.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybacks
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!