The latest update is out from Panoro Energy ASA ( (PESAF) ).
Panoro Energy ASA has been actively repurchasing its own shares as part of a buyback program initiated in May 2024, aiming to repurchase up to NOK 100 million of its common shares. Recently, the company purchased 80,000 shares, bringing its total holdings to 3,080,300 shares, which represents 2.634% of its share capital. This strategic move is likely aimed at enhancing shareholder value and optimizing capital structure, reflecting positively on the company’s financial health and market confidence.
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 focuses on production, exploration, and development assets in Africa, with interests in offshore Equatorial Guinea, southern Gabon, Tunisia, and South Africa.
YTD Price Performance: -7.95%
Average Trading Volume: 12,500
Technical Sentiment Signal: Buy
Current Market Cap: $254.5M
Find detailed analytics on PESAF stock on TipRanks’ Stock Analysis page.