09:53 AM EDT, 09/11/2024 (MT Newswires) -- Electromed ( ELMD ) said Wednesday the board has approved the buyback of up to $5 million of its common shares.

The approval follows the company's prior stock buyback authorization exhausted in fiscal Q4, Electromed ( ELMD ) said.

The company's shares were up nearly 2% in recent Wednesday trading.

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