PetroTal Corp ( (TSE:TAL) ) has provided an announcement.
PetroTal Corp. announced the repurchase and cancellation of 22,234 common shares as part of its share buyback program. This transaction reduces the total number of shares in circulation to 916,166,022, impacting voting rights calculations for shareholders. The move reflects PetroTal’s strategic financial management and could influence shareholder value and market perception.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta, with a focus on developing oil assets in Peru. The company holds a 100% working interest in the Bretana oil field in Peru’s Block 95, where it initiated oil production in June 2018. PetroTal became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
YTD Price Performance: 23.08%
Average Trading Volume: 697,236
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$605.1M
See more insights into TAL stock on TipRanks’ Stock Analysis page.