Pharos Energy (LON:PHAR) Shares Down 0.4% - Here's What Happened

Pharos Energy plc (LON:PHAR - Get Free Report) shares traded down 0.4% on Friday . The company traded as low as GBX 21 ($0.27) and last traded at GBX 22.40 ($0.29). 157,896 shares traded hands during mid-day 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).

Wall Street Analysts Forecast Growth

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

Pharos Energy Stock Up 20.6 %

The company has a current ratio of 2.02, a quick ratio of 1.72 and a debt-to-equity ratio of 14.99. The firm has a 50 day moving average price of GBX 24.05 and a 200-day moving average price of GBX 23.59. The firm has a market cap of £114.56 million, a price-to-earnings ratio of -2.44, a P/E/G ratio of -0.02 and a beta of 1.61.

Insider Buying and Selling at Pharos Energy

In related news, insider Sue Rivett purchased 3,798 shares of the company's stock in a transaction on Monday, January 27th. The stock was bought at an average price of GBX 26 ($0.34) per share, with a total value of £987.48 ($1,278.46). In the last three months, insiders acquired 11,922 shares of company stock worth $293,724. 51.33% of the stock is owned by corporate insiders.

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.