Pharos Energy (GB:PHAR) has released an update.
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Pharos Energy has continued its share buyback program, acquiring over 54,000 shares at a consistent price of 22.1 pence each, which will be cancelled to adjust its share capital. Since July 2022, the company has repurchased more than 29 million shares, signaling a strong commitment to enhancing shareholder value. This move reflects strategic financial management amidst its ongoing operations in Egypt and Vietnam.
For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.
