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PetroTal Corp ( (TSE:TAL) ) just unveiled an update.
PetroTal Corp has announced the repurchase and cancellation of 24,690 common shares as part of its share buyback programme. This action will leave the company with 911,595,828 common shares in issue, impacting the total voting rights and potentially affecting shareholder notifications under the FCA’s disclosure rules. The buyback is part of PetroTal’s strategic efforts to manage its share capital effectively, reflecting confidence in its financial stability and future prospects.
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 Block 95. PetroTal is the largest crude oil producer in Peru as of early 2022, and it aims to develop the Bretana oil field safely and cost-effectively while promoting community-sensitive energy production.
YTD Price Performance: 25.00%
Average Trading Volume: 738,634
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$684M
Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.
