Pharos Energy PLC (OTCMKTS:SOCLF – Get Free Report) shares dropped 12.1% during mid-day trading on Friday . The company traded as low as $0.3555 and last traded at $0.3555. 6,000 shares traded hands during mid-day trading, an increase of 122,349% from the average session volume of 5 shares. The stock had previously closed at $0.4045.
Pharos Energy Stock Performance
The business has a fifty day moving average of $0.41 and a two-hundred day moving average of $0.35.
About Pharos Energy
Pharos Energy PLC is a London-headquartered independent oil and gas exploration and production company. It focuses on the development, production and optimisation of upstream hydrocarbon assets, with a particular emphasis on cost-effective field operations and reservoir management. The company’s corporate office is based in the City of London, underlining its status as a UK-listed operator with an international footprint.
The company’s flagship asset is its interest in the West Gharib onshore concession in Egypt’s Gulf of Suez region, where Pharos Energy oversees drilling, production, facility maintenance and reservoir surveillance.
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