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Panoro Energy ASA ( (PESAF) ) has shared an announcement.
Panoro Energy ASA has initiated a share buyback program to repurchase up to NOK 100 million of its common shares on the Oslo Stock Exchange. Recently, the company purchased 70,000 shares, bringing the total to 380,000 shares, representing 0.335% of its share capital. This move is part of Panoro’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Panoro Energy ASA
Panoro Energy ASA is an independent exploration and production company based in London, listed on the Oslo Stock Exchange. The company holds production, exploration, and development assets in Africa, including interests in offshore Equatorial Guinea, Gabon, Tunisia, and South Africa.
Average Trading Volume: 482,229
Current Market Cap: NOK2.57B
Learn more about PESAF stock on TipRanks’ Stock Analysis page.