Pharos Energy plc (LON:PHAR – Get Free Report)’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.
Check Out Our Latest Stock Report on PHAR
Pharos Energy Stock Performance
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.
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