Pharos Energy (LON:PHAR) Shares Down 0.4% – Should You Sell?

Pharos Energy plc (LON:PHAR) shares fell 0.4% on Friday . The stock traded as low as GBX 21 ($0.27) and last traded at GBX 22.40 ($0.29). 157,896 shares were traded during trading, a decline of 51% from the average session volume of 324,836 shares. The stock had previously closed at GBX 22.50 ($0.29).

Analyst Upgrades and Downgrades

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

Pharos Energy Stock Down 0.4 %

The firm’s 50-day simple moving average is GBX 24.29 and its 200 day simple moving average is GBX 23.67. 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 stock has a market capitalization of £111.74 million, a P/E ratio of -2.38, a PEG ratio of -0.02 and a beta of 1.61.

Insider Activity at Pharos Energy

In related news, insider Sue Rivett acquired 4,001 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of GBX 24 ($0.31) per share, with a total value of £960.24 ($1,239.82). Over the last quarter, insiders have purchased 11,922 shares of company stock valued at $293,724. 51.33% of the stock is owned by insiders.

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.