Ten Holdings (XHLD) said Tuesday its board approved a stock repurchase program of up to $1 million.
The program, effective March 17, allows the company to repurchase outstanding common shares with an evergreen term.
Repurchases will be funded with cash from operations, the company added.
Shares of Ten Holdings were up nearly 10% in recent trading.
Price: 0.54, Change: +0.05, Percent Change: +9.68
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.