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Pharos Energy ( (GB:PHAR) ) just unveiled an update.
Pharos Energy plc has announced the purchase of 40,886 ordinary shares as part of its share buyback program. This initiative, which began in July 2022, has seen the company repurchase a total of 29,623,889 shares, aiming to enhance shareholder value by reducing the number of shares in circulation. The cancellation of these shares adjusts the company’s total share count and affects shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
More about Pharos Energy
Pharos Energy plc is an independent oil and gas exploration and production company focused on sustainable growth and returns to stakeholders. Listed on the London Stock Exchange, Pharos operates in Egypt and Vietnam, holding significant working interests in various concessions. In Egypt, Pharos is involved in the El Fayum and North Beni Suef Concessions, while in Vietnam, it has interests in the Te Giac Trang and Ca Ngu Vang fields in the Cuu Long Basin, as well as Blocks 125 & 126 in the Phu Khanh Basin.
YTD Price Performance: 1.07%
Average Trading Volume: 19,892
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $115.4M
For detailed information about PHAR stock, go to TipRanks’ Stock Analysis page.
