REX buys back 500K shares

In Ohio, REX American Resources’ Board of Directors has authorized a stock repurchase of 500,000 shares.  To date, based on a previous authorization, REX has repurchased 287,854 shares at an average price of $16.35 per share, leaving 9,147,000 shares of common stock outstanding.

REX has interests in seven ethanol production facilities representing ownership of approximately 169.2 million gallons per year of annual operating nameplate capacity. The total annual operating nameplate capacity of ethanol production facilities in which REX has ownership interests is approximately 592 million gallons per year.