Ethanol investor REX American expands share buyback

August 3, 2012 |

In Ohio, REX American Resources Corporation announced a 500,000 share increase in the number of shares in its common stock repurchase plan. When combined with the 23,273 shares remaining from a previous authorization, the Company now has the authority to repurchase up to 523,273 shares of its common stock. In its campaign, REX has purchased 139,182 shares (at an average price of approximately $17.96 per share). REX’s current effective ownership of the trailing twelve month gallons sold (for the period ended April 30, 2012) by the seven ethanol production facilities in which it has ownership interests is approximately 249 million gallons.

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Category: Fuels

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