GCL Global's (GCL) board authorized a program to repurchase up to $10 million of shares over the next 12 months, the company said Friday.
The company said it plans to fund the buyback with cash on hand and may modify, suspend or terminate the program at any time.
GCL Global shares were over 9% higher in premarket activity.
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.