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The latest announcement is out from Panoro Energy ASA ( (PESAF) ).
Panoro Energy ASA has initiated a share buyback program to repurchase up to NOK 100 million of its common shares. In the initial phase, the company purchased 125,000 shares at an average price of NOK 23.8725 per share, totaling a transaction value of NOK 2,984,065. 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 and listed on the Oslo Stock Exchange under the ticker PEN. The company holds production, exploration, and development assets in Africa, including interests in offshore Equatorial Guinea, southern Gabon, Tunisia, and South Africa.
Average Trading Volume: 464,828
Current Market Cap: NOK2.73B
For a thorough assessment of PESAF stock, go to TipRanks’ Stock Analysis page.