Pharos Energy (LON:PHAR) Reaches New 12-Month High at $25.90

Pharos Energy plc (LON:PHAR)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 25.90 ($0.33) and last traded at GBX 24 ($0.30), with a volume of 53891 shares. The stock had previously closed at GBX 24.10 ($0.31).

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Pharos Energy in a report on Thursday, May 23rd.

Pharos Energy Stock Performance

The company has a debt-to-equity ratio of 14.99, a current ratio of 2.02 and a quick ratio of 1.72. The stock’s 50 day simple moving average is GBX 23.44 and its two-hundred day simple moving average is GBX 21.87. The company has a market capitalization of £101.64 million, a P/E ratio of -278.78, a P/E/G ratio of -0.02 and a beta of 1.60.

Insider Activity at Pharos Energy

In other Pharos Energy news, insider Sue Rivett bought 4,013 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of GBX 24 ($0.30) per share, for a total transaction of £963.12 ($1,221.77). 52.80% of the stock is owned by company insiders.

About Pharos Energy

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.