Pharos Energy (LON:PHAR) Hits New 12-Month Low at $49.65

Pharos Energy plc (LON:PHAR) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 49.65 ($0.65) and last traded at GBX 49.65 ($0.65), with a volume of 135139 shares trading hands. The stock had previously closed at GBX 50 ($0.65).

Separately, Peel Hunt cut their price target on Pharos Energy from GBX 120 ($1.57) to GBX 100 ($1.31) and set a “buy” rating for the company in a research note on Monday, November 4th.

The firm has a market cap of $199.16 million and a P/E ratio of 35.46. The company has a debt-to-equity ratio of 20.09, a quick ratio of 1.79 and a current ratio of 2.07.

About Pharos Energy (LON:PHAR)

Pharos Energy plc engages in the exploration, development, and production of oil and gas properties. The company has production, development, and exploration interests in Vietnam and Egypt. It holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1 located in the shallow water Cuu Long Basin, offshore southern Vietnam; a 25% working interest in the Ca Ngu Vang field of Block 9-2 situated in the shallow water Cuu Long Basin, offshore southern Vietnam; a 70% interest in the Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, offshore central Vietnam; and a 100% working interest in the onshore El Fayum concession in the Western Desert, Egypt.

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