Skycorp Solar Group Approved to Repurchase Up to $2 Mln of Stock, Shares Up 3% in Pre-market

Skycorp Solar Group has been approved to buy back up to $2 million of its common stock. The purpose of this share repurchase program is to enhance earnings per share and optimize the company's capital structure. The buyback program is funded by its own resources and has already repurchased 60,000 shares for a total consideration of $51,972. Shares were up 3% in pre-market trading.