Pharos Energy (OTCMKTS:SOCLF) Shares Down 1% – Here’s What Happened

Pharos Energy PLC (OTCMKTS:SOCLF) fell 1% on Monday . The company traded as low as $0.29 and last traded at $0.2950. 5,000 shares were traded during trading, an increase of 213% from the average session volume of 1,599 shares. The stock had previously closed at $0.2980.

Pharos Energy Price Performance

The company’s 50-day moving average price is $0.28 and its two-hundred day moving average price is $0.29.

Pharos Energy Company Profile

Pharos Energy PLC is a London-headquartered independent oil and gas exploration and production company. It focuses on the development, production and optimisation of upstream hydrocarbon assets, with a particular emphasis on cost-effective field operations and reservoir management. The company’s corporate office is based in the City of London, underlining its status as a UK-listed operator with an international footprint.

The company’s flagship asset is its interest in the West Gharib onshore concession in Egypt’s Gulf of Suez region, where Pharos Energy oversees drilling, production, facility maintenance and reservoir surveillance.