Pharos Energy Boosts Shareholder Value with Buyback

Pharos Energy (GB:PHAR) has released an update.

Pharos Energy has successfully executed a share buyback, purchasing 69,066 shares at a consistent price of 22.1 pence each, continuing its strategy to enhance shareholder value. This move reduces the total shares in circulation to 416,179,770, reflecting a robust commitment to optimizing its capital structure. With ongoing interests in Egypt and Vietnam, Pharos Energy remains focused on sustainable growth and returns.

For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.