Pharos Energy (LON:PHAR) Reaches New 12-Month High at $27.40

Shares of Pharos Energy plc (LON:PHAR) reached a new 52-week high on Thursday . The stock traded as high as GBX 27.40 ($0.35) and last traded at GBX 26.20 ($0.34), with a volume of 176762 shares. The stock had previously closed at GBX 26.50 ($0.34).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Pharos Energy in a research note on Thursday, July 18th.

Pharos Energy Stock Down 1.1 %

The stock’s 50 day moving average is GBX 24.21 and its 200 day moving average is GBX 22.33. The company has a market capitalization of £109.45 million, a PE ratio of -292.36, a PEG ratio of -0.02 and a beta of 1.60. The company has a debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02.

Insiders Place Their Bets

In related news, insider Sue Rivett purchased 3,682 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were purchased at an average cost of GBX 26 ($0.33) per share, for a total transaction of £957.32 ($1,231.44). Insiders have purchased a total of 11,640 shares of company stock worth $290,669 over the last 90 days. Corporate insiders own 52.80% of the company’s stock.

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.