Pharos Energy plc (LON:PHAR – Get Rating) shares fell 2.7% during trading on Wednesday . The stock traded as low as GBX 19.80 ($0.24) and last traded at GBX 19.95 ($0.24). 844,657 shares changed hands during trading, an increase of 55% from the average session volume of 546,396 shares. The stock had previously closed at GBX 20.50 ($0.25).
Pharos Energy Trading Down 7.6 %
The company’s 50 day moving average price is GBX 22.87 and its 200 day moving average price is GBX 24.46. The company has a market cap of £78.40 million and a price-to-earnings ratio of -21.56. The company has a debt-to-equity ratio of 26.45, a quick ratio of 0.73 and a current ratio of 1.66.
Insider Transactions at Pharos Energy
In other news, insider Sue Rivett bought 4,684 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were acquired at an average cost of GBX 21 ($0.25) per share, for a total transaction of £983.64 ($1,188.55). In other news, insider Sue Rivett bought 4,684 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were acquired at an average cost of GBX 21 ($0.25) per share, for a total transaction of £983.64 ($1,188.55). Also, insider Jann M. Brown purchased 26,643 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was bought at an average price of GBX 25 ($0.30) per share, for a total transaction of £6,660.75 ($8,048.27). Insiders have acquired a total of 35,800 shares of company stock worth $862,845 in the last 90 days.
About Pharos Energy
Pharos Energy plc engages in the exploration, development, and production of oil and gas properties. The company holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1 located in the shallow water Cuu Long Basin, as well as a 25% working interest in the Ca Ngu Vang field of Block 9-2 located in the shallow water Cuu Long Basin, offshore southern Vietnam; a 70% interest in the Blocks 125 & 126 located in the Phu Khanh Basin, offshore central Vietnam; and a 100% working interest in the onshore El Fayum concession in the Western Desert, Egypt.
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