Pharos Energy (GB:PHAR) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Pharos Energy has continued its share buyback program, acquiring over 54,000 shares at a consistent price of 22.1 pence each, which will be cancelled to adjust its share capital. Since July 2022, the company has repurchased more than 29 million shares, signaling a strong commitment to enhancing shareholder value. This move reflects strategic financial management amidst its ongoing operations in Egypt and Vietnam.
For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.
