Pharos Energy (LON:PHAR) Shares Down 2.1% – Should You Sell?

Shares of Pharos Energy plc (LON:PHAR) were down 2.1% on Tuesday . The company traded as low as GBX 23.50 ($0.30) and last traded at GBX 23.60 ($0.30). Approximately 217,454 shares were traded during trading, a decline of 49% from the average daily volume of 427,331 shares. The stock had previously closed at GBX 24.10 ($0.30).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Pharos Energy in a report on Thursday, January 23rd.

Pharos Energy Stock Up 4.0 %

The company’s 50 day simple moving average is GBX 24.52 and its 200-day simple moving average is GBX 23.99. The company has a debt-to-equity ratio of 14.99, a quick ratio of 1.72 and a current ratio of 2.02. The firm has a market capitalization of £122.45 million, a PE ratio of -2.61, a PEG ratio of -0.02 and a beta of 1.61.

Insider Buying and Selling

In related news, insider Katherine Roe purchased 6,348 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of GBX 23 ($0.29) per share, with a total value of £1,460.04 ($1,841.86). Also, insider Sue Rivett purchased 3,798 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of GBX 26 ($0.33) per share, for a total transaction of £987.48 ($1,245.72). Over the last quarter, insiders have acquired 14,269 shares of company stock worth $343,704. Corporate 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.