Insider Buying: Pharos Energy plc (LON:PHAR) Insider Buys 3,945 Shares of Stock

Pharos Energy plc (LON:PHAR) insider Sue Rivett purchased 3,945 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was bought at an average price of GBX 25 ($0.32) per share, with a total value of £986.25 ($1,251.11).

Sue Rivett also recently made the following trade(s):

• On Tuesday, May 28th, Sue Rivett acquired 4,013 shares of Pharos Energy stock. The stock was acquired at an average cost of GBX 24 ($0.30) per share, with a total value of £963.12 ($1,221.77).
• On Friday, May 10th, Sue Rivett sold 68,491 shares of Pharos Energy stock. The stock was sold at an average price of £15,493.14 ($19,653.86), for a total transaction of £1,061,140,651.74 ($1,346,112,713.10).
• On Monday, April 29th, Sue Rivett purchased 4,125 shares of Pharos Energy stock. The shares were purchased at an average cost of GBX 24 ($0.30) per share, with a total value of £990 ($1,255.87).

Pharos Energy Price Performance

Shares of Pharos Energy stock opened at GBX 22 ($0.28) on Friday. Pharos Energy plc has a 52 week low of GBX 18.05 ($0.23) and a 52 week high of GBX 25.90 ($0.33). 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 stock has a market cap of £91.91 million, a PE ratio of -273.11, a price-to-earnings-growth ratio of -0.02 and a beta of 1.60. The company’s 50-day moving average price is GBX 23.44 and its two-hundred day moving average price is GBX 21.88.

Analysts Set New Price Targets

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

About Pharos Energy

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.