VNTG (NASDAQ:VNTG) Board Initiates Share Repurchase Program

VNTG (NASDAQ:VNTG) announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 5th, RTT News reports. The company plans to buyback $1.00 million in shares. This buyback authorization permits the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

VNTG Stock Performance

Shares of NASDAQ VNTG opened at $1.08 on Friday. VNTG has a 1 year low of $0.82 and a 1 year high of $7.66.

About VNTG

We were founded in 2012 by five seasoned shipbrokers with a mission of providing exceptional shipbroking services. We commenced operations with a team of over 20 specialists proficient in their various roles in the tanker markets which involves trading different types of oil and petrochemical products through vessel transportation, including clean petroleum products (“CPP”) and petrochemicals.