Pharos Energy (LON:PHAR) Reaches New 1-Year High – Here’s What Happened

Pharos Energy plc (LON:PHAR)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 27.98 ($0.34) and last traded at GBX 26.90 ($0.33), with a volume of 469126 shares trading hands. The stock had previously closed at GBX 26.90 ($0.33).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Pharos Energy in a research note on Friday, December 6th.

Pharos Energy Stock Performance

The company has a debt-to-equity ratio of 5.01, a current ratio of 2.84 and a quick ratio of 1.72. The business’s fifty day moving average price is GBX 22.91 and its 200 day moving average price is GBX 23.88. The company has a market cap of £111.05 million, a price-to-earnings ratio of -896.67, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61.

Insider Activity at Pharos Energy

In other Pharos Energy news, insider Sue Rivett bought 4,123 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of GBX 24 ($0.29) per share, with a total value of £989.52 ($1,208.06). Also, insider Katherine Roe purchased 6,348 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of GBX 23 ($0.28) per share, for a total transaction of £1,460.04 ($1,782.49). Insiders have purchased 16,874 shares of company stock worth $392,225 in the last quarter. Company insiders own 51.33% of the company’s stock.

About Pharos Energy

Pharos Energy is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders.
Pharos is listed on the London Stock Exchange, we have production, development and exploration interests in Egypt, Israel and Vietnam.