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An update from PetroTal Corp ( (TSE:TAL) ) is now available.
PetroTal Corp announced the repurchase of 17,548 common shares as part of its share buyback program, with the shares to be canceled. This move will leave PetroTal with 911,904,675 common shares in issue, affecting the total voting rights within the company. This share buyback could impact the company’s market positioning by potentially increasing shareholder value and consolidating ownership.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company domiciled in Calgary, Alberta. The company focuses on developing oil assets in Peru, with its flagship asset being a 100% working interest in the Bretana oil field in Peru’s Block 95. PetroTal became the largest crude oil producer in Peru in early 2022 and places a strong emphasis on community-sensitive energy production.
YTD Price Performance: -25.35%
Average Trading Volume: 689,529
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$483.9M
For an in-depth examination of TAL stock, go to TipRanks’ Stock Analysis page.
