Pharos Energy (OTCMKTS:SOCLF) Upgraded at Investec

Pharos Energy (OTCMKTS:SOCLF) was upgraded by investment analysts at Investec from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, The Fly reports.

Shares of Pharos Energy stock opened at $0.32 on Friday. Pharos Energy has a twelve month low of $0.14 and a twelve month high of $0.35. The business has a 50-day moving average price of $0.31 and a 200 day moving average price of $0.24.

Pharos Energy Company Profile

Pharos Energy plc engages in the exploration, development, and production of oil and gas properties. The company holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1 located in the shallow water Cuu Long Basin, as well as a 25% working interest in the Ca Ngu Vang field of Block 9-2 situated in the shallow water Cuu Long Basin, offshore southern Vietnam; a 70% interest in the Blocks 125 & 126 located in the Phu Khanh Basin, offshore central Vietnam; and a 100% working interest in the onshore El Fayum concession in the Western Desert, Egypt.

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