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Pharos Energy ( (GB:PHAR) ) has provided an announcement.
Pharos Energy plc announced the purchase and cancellation of 117,775 ordinary shares as part of its ongoing share buyback program. This initiative reflects the company’s commitment to enhancing shareholder value, having repurchased over 30 million shares since July 2022, which could positively impact the company’s market position and shareholder interests.
More about Pharos Energy
Pharos Energy plc is an independent energy company listed on the London Stock Exchange, focusing on sustainable growth in the energy sector with operations in Egypt and Vietnam. In Egypt, the company holds significant interests in the El Fayum and North Beni Suef concessions, while in Vietnam, it has stakes in several blocks in the Cuu Long and Phu Khanh Basins.
YTD Price Performance: 12.33%
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $137.8M
See more data about PHAR stock on TipRanks’ Stock Analysis page.
