PetroTal Corp ( (TSE:TAL) ) has provided an update.
PetroTal Corp. announced the repurchase and cancellation of 23,128 common shares as part of its ongoing share buyback program. This transaction reduces the total number of shares in issue to 916,142,894, impacting the company’s total voting rights. The move is part of PetroTal’s strategy to manage its capital structure and could influence shareholder interest calculations under regulatory guidelines.
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 and became the largest crude oil producer in Peru in early 2022. PetroTal is committed to community-sensitive energy production and is led by a management team with significant experience in the Peruvian oil sector.
YTD Price Performance: 26.20%
Average Trading Volume: 680,725
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$605.1M
See more data about TAL stock on TipRanks’ Stock Analysis page.