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Panoro Energy ASA ( (PESAF) ) just unveiled an announcement.
Panoro Energy ASA has been actively executing a share buyback program, repurchasing up to NOK 100 million worth of its common shares. Recently, the company acquired 70,000 shares, bringing its total holdings to 2,940,300 shares, which represents 2.5143% of its share capital. This strategic move is aimed at enhancing shareholder value and reflects Panoro’s confidence in its financial position and future prospects.
More about Panoro Energy ASA
Panoro Energy ASA is an independent exploration and production company headquartered in London and publicly traded on the Oslo Stock Exchange under the ticker PEN. The company focuses on production, exploration, and development assets primarily in Africa, with interests in Equatorial Guinea, Gabon, Tunisia, and South Africa.
YTD Price Performance: -7.95%
Average Trading Volume: 12,500
Technical Sentiment Signal: Strong Buy
Current Market Cap: $234.5M
For an in-depth examination of PESAF stock, go to TipRanks’ Stock Analysis page.