PetroTal Corp ( (TSE:TAL) ) just unveiled an announcement.
PetroTal Corp. announced the repurchase and cancellation of 21,480 common shares as part of its ongoing share buyback program. This transaction reduces the total number of shares in circulation, potentially enhancing shareholder value and reflecting the company’s confidence in its financial position. The current total voting rights stand at 916,210,670, which shareholders can use for regulatory disclosure purposes.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta. It 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 is committed to community-sensitive energy production.
YTD Price Performance: 25.00%
Average Trading Volume: 704,977
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$596M
For a thorough assessment of TAL stock, go to TipRanks’ Stock Analysis page.