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

Pharos Energy plc (LON:PHAR) reached a new 52-week high during mid-day trading 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 traded. The stock had previously closed at GBX 27.50 ($0.33).

Analyst Upgrades and Downgrades

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

Pharos Energy Trading Up 0.7 %

The stock has a market cap of £114.35 million, a P/E ratio of -923.33, a PEG ratio of -0.02 and a beta of 1.61. The firm’s fifty day moving average price is GBX 23.37 and its two-hundred day moving average price is GBX 24.04. The company has a debt-to-equity ratio of 5.01, a current ratio of 2.84 and a quick ratio of 1.72.

Insider Buying and Selling at Pharos Energy

In related news, insider Sue Rivett sold 479,596 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of GBX 23 ($0.28), for a total value of £110,307.08 ($134,160.89). Also, insider Katherine Roe acquired 6,348 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of GBX 23 ($0.28) per share, for a total transaction of £1,460.04 ($1,775.77). Insiders have acquired a total of 16,874 shares of company stock valued at $392,225 in the last 90 days. Corporate insiders own 51.33% of the company’s stock.

Pharos Energy Company Profile

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.