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

Shares of Pharos Energy plc (LON:PHAR) hit a new 52-week high on Monday . The company traded as high as GBX 27.90 ($0.34) and last traded at GBX 27.70 ($0.34), with a volume of 458153 shares trading hands. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

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

Pharos Energy Stock Performance

The stock has a fifty day moving average price of GBX 23.50 and a 200 day moving average price of GBX 24.07. The company has a current ratio of 2.84, a quick ratio of 1.72 and a debt-to-equity ratio of 5.01. The firm has a market cap of £108.88 million, a price-to-earnings ratio of -879.17, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61.

Insider Buying and Selling at Pharos Energy

In other Pharos Energy news, insider Sue Rivett bought 4,123 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of GBX 24 ($0.30) per share, with a total value of £989.52 ($1,219.97). Also, insider Katherine Roe purchased 6,403 shares of the company’s stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of GBX 23 ($0.28) per share, for a total transaction of £1,472.69 ($1,815.67). Insiders have purchased a total of 16,874 shares of company stock worth $392,225 over the last 90 days. 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.