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PetroTal Corp ( (TSE:TAL) ) has issued an announcement.
PetroTal Corp. announced a share buyback transaction where it repurchased 21,000 common shares, split equally between the AIM and TSX markets. The repurchased shares will be cancelled, leaving the company with a total of 916,532,180 shares in issue. This move is part of PetroTal’s previously announced share buyback program, which is intended to enhance shareholder value and manage the company’s capital structure effectively.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company, headquartered 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 has become the largest crude oil producer in Peru since early 2022. PetroTal emphasizes safe and cost-effective development, while also engaging in community-sensitive energy production initiatives.
YTD Price Performance: 16.67%
Average Trading Volume: 692,316
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$647.3M
For a thorough assessment of TAL stock, go to TipRanks’ Stock Analysis page.
