Pharos Energy (LON:PHAR) Reaches New 1-Year Low at $49.65

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

Separately, Peel Hunt decreased their price objective on shares of Pharos Energy from GBX 120 ($1.57) to GBX 100 ($1.31) and set a “buy” rating on the stock in a research report on Monday, November 4th.

The company has a debt-to-equity ratio of 20.09, a current ratio of 2.07 and a quick ratio of 1.79. The company has a market capitalization of $199.16 million and a PE ratio of 35.46.

Pharos Energy Company Profile (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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