PetroTal Corp Issues Shares to Employees, Updates Voting Rights

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

PetroTal Corp has announced the issuance of 773,993 common shares to its employees as part of its annual performance share unit plan. This issuance increases the company’s total voting rights to 916,539,535 shares, which shareholders can use as a reference for notifying changes in their interest under the FCA’s rules. This move reflects PetroTal’s commitment to rewarding its employees and maintaining transparency with its stakeholders.

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 has become the largest crude oil producer in Peru since early 2022, and it aims to develop its resources safely and cost-effectively while engaging in community-sensitive energy production.

YTD Price Performance: 7.07%

Average Trading Volume: 608,928

Technical Sentiment Signal: Buy

Current Market Cap: C$513.1M

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