Mexco Energy board authorizes $1M share repurchase program

The Company’s Board of Directors also authorized the use of up to $1,000,000 to repurchase shares of the Company’s common stock, par value $0.50, for the treasury account. This authorization replaces the previously authorized $250,000 common stock repurchase program which had $5,506 remaining at the time it was replaced. During the year ended March 31, 2023, the Company repurchased 18,416 shares at an average price of $13.28 per share.