Pharos Energy (LON:PHAR) Hits New 1-Year Low at $19.00

Pharos Energy plc (LON:PHARGet Free Report)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 19 ($0.24) and last traded at GBX 19 ($0.24), with a volume of 108037 shares. The stock had previously closed at GBX 19.23 ($0.24).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Pharos Energy in a report on Wednesday, December 6th.

Get Our Latest Stock Report on Pharos Energy

Pharos Energy Stock Performance

The business has a fifty day simple moving average of GBX 20.79 and a two-hundred day simple moving average of GBX 21.81. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 17.55. The company has a market cap of £84.40 million, a P/E ratio of -242.81, a P/E/G ratio of -0.02 and a beta of 1.63.

Insiders Place Their Bets

In other news, insider Jann M. Brown purchased 30,221 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of GBX 22 ($0.28) per share, with a total value of £6,648.62 ($8,438.41). In other Pharos Energy news, insider Jann M. Brown purchased 30,221 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of GBX 22 ($0.28) per share, with a total value of £6,648.62 ($8,438.41). Also, insider Sue Rivett acquired 4,354 shares of Pharos Energy stock in a transaction on Wednesday, December 27th. The shares were purchased at an average price of GBX 22 ($0.28) per share, for a total transaction of £957.88 ($1,215.74). Insiders purchased a total of 67,880 shares of company stock worth $1,426,750 over the last quarter. 51.38% of the stock is currently owned by corporate insiders.

Pharos Energy Company Profile

(Get Free Report)

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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