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Pharos Energy ( (GB:PHAR) ) has issued an update.
Pharos Energy plc has completed its share buyback programme that began in July 2022, acquiring a total of 30,949,334 ordinary shares for approximately £7.323 million. This strategic move is expected to enhance shareholder value by reducing the number of shares in circulation, thus potentially improving earnings per share and market perception.
More about Pharos Energy
Pharos Energy plc is an independent energy company listed on the London Stock Exchange, focusing on sustainable growth and stakeholder returns. The company operates in Egypt and Vietnam, holding interests in various oil fields including the El Fayum and North Beni Suef concessions in Egypt, and the Te Giac Trang and Ca Ngu Vang fields in Vietnam.
YTD Price Performance: 5.67%
Average Trading Volume: 6,600
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $126.8M
See more insights into PHAR stock on TipRanks’ Stock Analysis page.