An announcement from PetroTal Corp ( (TSE:TAL) ) is now available.
PetroTal Corp. announced the repurchase and cancellation of 20,414 common shares as part of its share buyback program. This action reduces the total number of shares in circulation to 915,955,456, impacting the company’s total voting rights. The move is part of PetroTal’s ongoing strategy to manage its capital structure, potentially increasing shareholder value and reflecting confidence in its financial stability.
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: 30.77%
Average Trading Volume: 631,528
Technical Sentiment Signal: Sell
Current Market Cap: C$623M
See more data about TAL stock on TipRanks’ Stock Analysis page.