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Pharos Energy ( (GB:PHAR) ) has issued an update.
Pharos Energy announced that its Chief Financial Officer, Sue Rivett, increased her shareholding by exercising awards under the company’s Long-Term Incentive Plan. This move reflects confidence in the company’s future prospects, as the shares were acquired at no cost, with a portion sold to cover tax liabilities. The transaction underscores the company’s commitment to aligning executive interests with those of shareholders, potentially impacting its market perception positively.
More about Pharos Energy
Pharos Energy plc is an independent energy company listed on the London Stock Exchange, focusing on sustainable growth and returns. It has production, development, and exploration interests in Egypt and Vietnam. In Egypt, Pharos holds significant working interests in the El Fayum and North Beni Suef Concessions, while in Vietnam, it has interests in the Te Giac Trang and Ca Ngu Vang fields, as well as Blocks 125 & 126.
YTD Price Performance: 1.31%
Average Trading Volume: 6,153
Technical Sentiment Signal: Sell
Current Market Cap: $100.3M
For a thorough assessment of PHAR stock, go to TipRanks’ Stock Analysis page.