Pharos Energy (LON:PHAR) Stock Price Up 2.7%

Pharos Energy plc (LON:PHAR)’s share price shot up 2.7% during trading on Friday . The stock traded as high as GBX 26.20 ($0.34) and last traded at GBX 26.20 ($0.34). 92,787 shares traded hands during trading, a decline of 67% from the average session volume of 283,502 shares. The stock had previously closed at GBX 25.50 ($0.33).

Wall Street Analyst Weigh In

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

Pharos Energy Stock Up 2.7 %

The company has a market cap of £108.59 million, a PE ratio of -291.11, a PEG ratio of -0.02 and a beta of 1.61. The stock’s 50 day moving average price is GBX 24.71 and its 200-day moving average price is GBX 22.83. The company has a debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02.

Insider Activity

In related news, insider Sue Rivett bought 3,945 shares of the stock in a transaction dated Thursday, June 27th. The stock was bought at an average price of GBX 25 ($0.32) per share, with a total value of £986.25 ($1,281.51). Over the last three months, insiders have purchased 11,640 shares of company stock valued at $290,669. 54.96% of the stock is currently owned by insiders.

Pharos Energy Company Profile

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.