Benzinga | Sep 21, 2021 02:24PM EDT

Mannatech Plans $1M Buyback Program

* Mannatech Inc (NASDAQ:MTEX) Board of Directors has approved a share repurchase program to acquire up to $1.0 million of its outstanding common stock.

* The buyback program will begin on September 21, 2021, and ends on the earlier of September 21, 2022, or purchase of $1 mln common stock.

* Mannatech intends to finance the repurchases with available cash.

* The company held $26.9 million in cash and equivalents as of June 30, 2021.

* Price Action: MTEX shares are trading higher by 6.14% to $33.54 on the last check Tuesday.