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An announcement from Pharos Energy ( (GB:PHAR) ) is now available.
Pharos Energy has continued its share buyback program, purchasing 76,463 ordinary shares on December 16, 2024, at a consistent price of 23.5 pence each. This move is part of a broader strategy initiated in July 2022 to repurchase shares, potentially enhancing shareholder value and adjusting the company’s capital structure. Following this transaction, the company now has 424,427,938 shares in issue, with 415,305,670 shares available for shareholder calculations as per regulatory guidelines.
More about Pharos Energy
Pharos Energy plc is an independent oil and gas exploration and production company focused on sustainable growth and returns, listed on the London Stock Exchange. It has interests in Egypt, with a 45% stake in the El Fayum and North Beni Suef Concessions, and in Vietnam, holding interests in Blocks 16-1 and 9-2 in the Cuu Long Basin and Blocks 125 & 126 in the Phu Khanh Basin.
YTD Price Performance: 4.64%
Average Trading Volume: 19,892
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $120.1M
For detailed information about PHAR stock, go to TipRanks’ Stock Analysis page.
