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An announcement from Pharos Energy ( (GB:PHAR) ) is now available.
Pharos Energy has received approval from the Vietnamese Government for a two-year extension of the Exploration Period for Blocks 125 & 126. This extension supports the company’s ongoing discussions with potential partners and preparations for drilling, allowing Pharos to continue its investment in production growth in Vietnam.
The most recent analyst rating on (GB:PHAR) stock is a Hold with a £24.00 price target. To see the full list of analyst forecasts on Pharos Energy stock, see the GB:PHAR Stock Forecast page.
Spark’s Take on GB:PHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:PHAR is a Neutral.
Pharos Energy’s overall score is bolstered by strong corporate events and attractive valuation. However, financial performance and technical indicators present mixed signals, requiring careful monitoring of revenue trends and technical movements.
To see Spark’s full report on GB:PHAR stock, click here.
More about Pharos Energy
Pharos Energy plc is an independent energy company focused on sustainable growth and returns, with a portfolio of production, development, and exploration assets in Vietnam and Egypt. The company is cash generative, maintains a robust balance sheet, and is listed on the Main Market of the London Stock Exchange.
Average Trading Volume: 508,027
Technical Sentiment Signal: Sell
Current Market Cap: £83.19M
Learn more about PHAR stock on TipRanks’ Stock Analysis page.