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PetroTal Corp ( (TSE:TAL) ) has shared an announcement.
PetroTal Corp has implemented a share buyback program, purchasing and canceling 20,420 common shares in accordance with the program announced in May 2024. This action reduces the total number of voting shares to 916,439,825, offering shareholders a new basis for determining their interest in the company. This move reflects PetroTal’s strategic financial management and may positively influence shareholder value by potentially increasing earnings per share.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. The company focuses on developing oil assets in Peru, primarily through its 100% interest in the Bretana oil field in Peru’s Block 95, where it began oil production in June 2018. PetroTal has grown to become the largest crude oil producer in Peru and emphasizes community-sensitive energy production.
YTD Price Performance: 18.33%
Average Trading Volume: 694,835
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$647.3M
For a thorough assessment of TAL stock, go to TipRanks’ Stock Analysis page.
