India, March 17 -- Limoneira Company (LMNR) is trading at $19.26, up 3.08 percent or $0.57 during Monday's trading, after announcing that its board has approved a $30 million share repurchase authorization.
The stock opened at $19.49 and has traded between $19.06 and $21.39 so far, compared to a previous close of $18.51 on the Nasdaq. Trading volume has reached 183,158 shares, significantly above the average volume of 62,587. The stock's 52-week range is $17.80 to $29.22.
The company also concluded its previously announced strategic alternatives exploration but remains open to potential M&A opportunities while advancing its asset monetization initiatives.
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