Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Enlightify Inc (NYSE: ENFY), which produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products via its subsidiaries in China, has announced a share repurchase program.

Under the latter, the company will buy back up to 2,000,000 shares of its common stock at a price not exceeding $3.00 per share.

The share buyback program is expected to be completed by the end of this year.

“We believe that market is undervaluing Enlightify. This repurchase program reflects our confidence in the company’s long-term growth and commitment to delivering value to our shareholders,” Zhuoyu Li, CEO of Enlightify Inc, said in a press release.

Stock Performance

The shares of Enlightify Inc (ENFY) closed 2.66% ($0.02) higher at $0.82 in New York on Tuesday.

The company’s total market cap now stands at $12.151 million.

The shares of Enlightify Inc (ENFY) have lost 20.25% of their value so far this year.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Gold trading outlook: futures set for weekly drop on upbeat dataGold trading outlook: futures set for weekly drop on upbeat data Gold was steady on Friday but headed for its first weekly decline in three as better-than-expected economic data from the US, China and Europe supported the case of an economic recovery, denting the metals safe haven demand.Comex gold for […]
  • Outlook for EUR/USD during the upcoming weekOutlook for EUR/USD during the upcoming week The euro advanced to a three-week high against the US dollar on Friday, as it remained supported by Thursday’s upbeat euro zone data, which showed the economic recovery in the euro area is gaining traction. Comments by the ECB President Mario […]
  • Forex Market: USD/SGD forecast for MondayForex Market: USD/SGD forecast for Monday During Friday’s trading session USD/SGD traded within the range of 1.2404-1.2430 and closed at 1.2410, losing 0.03% for the day and 0.39% on a weekly basis.Fundamental viewSingaporeSingaporean preliminary Gross Domestic Product […]
  • US stocks rise on positive jobles claims dataUS stocks rise on positive jobles claims data US stocks advanced yesterday, extending gains to a sixth consecutive day as Dow Jones pushed to record highs amid positive labor market data.The S&P 500 index rose 8.70 points, or 0.5%, to 1842.02, and the Nasdaq Composite Index added […]
  • Home Depot shares hit a fresh all-time high on Tuesday, quarterly sales rise to a record on robust home improvement demandHome Depot shares hit a fresh all-time high on Tuesday, quarterly sales rise to a record on robust home improvement demand Home Depot Inc's (HD) comparable sales, reported on Tuesday, rose at the sharpest rate in at least two decades during the second quarter, supported by strong demand for home improvement supplies as consumers remained at home because of the […]
  • Copper swings between lingering demand prospectsCopper swings between lingering demand prospects Copper swung between gains and losses on Friday as grim demand prospects in Europe and China limited gains amid positive economic data from the U.S.On the Comex division of the New York Mercantile Exchange, copper futures for September […]