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Pharos Energy ( (GB:PHAR) ) has provided an update.
Pharos Energy plc announced the purchase and cancellation of 89,070 ordinary shares as part of its ongoing share buyback program, reducing its total issued shares to 424,178,662. This strategic move aligns with its commitment to sustainable growth and shareholder returns, potentially enhancing its market value and providing better clarity for shareholders under FCA’s Disclosure Guidance and Transparency Rules.
More about Pharos Energy
Pharos Energy plc is an independent energy company listed on the London Stock Exchange, with interests in production, development, and exploration in Egypt and Vietnam. In Egypt, it operates in the El Fayum Concession and North Beni Suef Concession, while in Vietnam, it holds interests in the Te Giac Trang and Ca Ngu Vang fields, with plans for revised working interests in these areas.
YTD Price Performance: 11.28%
Average Trading Volume: 19,892
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $122.1M
For detailed information about PHAR stock, go to TipRanks’ Stock Analysis page.
