Share Repurchase Plan Authorized by Parks! America (OTCMKTS:PRKA) Board

Parks! America (OTCMKTS:PRKA) announced that its board has authorized a share repurchase plan on Wednesday, December 17th, RTT News reports. The company plans to buyback $75,000.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Parks! America Stock Performance

Shares of PRKA traded down $0.60 during trading hours on Wednesday, hitting $39.12. 1,002 shares of the company were exchanged, compared to its average volume of 407. Parks! America has a fifty-two week low of $30.01 and a fifty-two week high of $69.99. The firm’s fifty day moving average is $39.25 and its 200 day moving average is $37.92.

About Parks! America

Parks! America, Inc, through its subsidiaries, engages in acquiring, developing, and operating local and regional theme parks and attractions in the United States. The company owns and operates three Wild Animal Safari theme parks located in Pine Mountain, Georgia; Strafford, Missouri; and Bryan/College Station, Texas.