- Proto Labs Inc (NYSE:PRLB) said its board of directors approved a $50 million increase in its authorized stock repurchase program currently in effect.
- The increase expands the existing stock repurchase program to $200 million.
- As of November 21, 2022, Protolabs had repurchased an aggregate dollar value of $111 million since the program was initiated in 2017.
- The company now has $89 million remaining available to repurchase shares under the expanded repurchase program.
- The board has also extended the expiration date to December 31, 2024.
- Proto Labs held $113.9 million in cash and equivalents as of September 30, 2022.
- Price Action: PRLB shares are trading higher by 3.39% at $24.58 on the last check Monday.
New Benchmark Study, Commissioned By TMC, Highlights Impacts Of Nickel And Cobalt Mining On Critical Forested Carbon Sinks Amid Battery Metals Boom
Commissioned by TMC, Benchmark Mineral Intelligence assessed the impact of mining on terrestrial carbon sinks in top nickel and cobalt producing regions In 2022, 75% of the world's cobalt production came from the
