Pharos Energy (LON:PHAR) Shares Down 2.1% - Time to Sell?

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

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "house stock" rating on shares of Pharos Energy in a research note on Thursday, January 23rd.

Pharos Energy Stock Performance

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 business's fifty day simple moving average is GBX 24.66 and its 200-day simple moving average is GBX 23.99. The firm has a market capitalization of £124.71 million, a PE ratio of -2.66, a price-to-earnings-growth ratio of -0.02 and a beta of 1.61.

Insider Buying and Selling at Pharos Energy

In other Pharos Energy news, insider Katherine Roe bought 6,348 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of GBX 23 ($0.29) per share, with a total value of £1,460.04 ($1,844.65). Also, insider Sue Rivett bought 3,798 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of GBX 26 ($0.33) per share, with a total value of £987.48 ($1,247.61). Insiders purchased a total of 14,269 shares of company stock valued at $343,704 in the last three months. 51.33% of the stock is currently owned by corporate 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.