PetroTal Corp Executes Share Buyback Program

PetroTal Corp ( (TSE:TAL) ) has provided an announcement.

PetroTal Corp has executed a share buyback program, purchasing 21,226 common shares which will be canceled, leaving the company with 916,246,173 shares in issue. This move is part of a strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.

More about PetroTal Corp

PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. It focuses on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. PetroTal is recognized as the largest crude oil producer in Peru and emphasizes community-sensitive energy production.

YTD Price Performance: 22.37%

Average Trading Volume: 699,808

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$586.8M

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