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PetroTal Corp Executes Share Buyback Program

Story Highlights
  • PetroTal Corp is a leading oil producer in Peru, focusing on community-sensitive energy.
  • The company repurchased 22,122 shares, affecting its capital structure and voting rights.
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PetroTal Corp Executes Share Buyback Program

PetroTal Corp ( (TSE:TAL) ) has provided an announcement.

PetroTal Corp has executed a share buyback program, purchasing 22,122 common shares, which will be canceled, leaving the company with 916,120,772 shares in issue. This move is part of PetroTal’s strategy to manage its capital structure and may impact shareholder voting rights and market perceptions.

More about PetroTal Corp

PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. The company focuses on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. PetroTal became the largest crude oil producer in Peru in early 2022 and emphasizes community-sensitive energy production.

YTD Price Performance: 32.69%

Average Trading Volume: 668,793

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$605.1M

See more data about TAL stock on TipRanks’ Stock Analysis page.

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