The company reported receiving a major shareholding notification on November 5. Following the transaction, the fund’s stake reached 4.9483% of the total voting rights, down from 6.8406% previously, a level reported after an initial sale carried out on October 28.
At the closing of that day’s trading session, a PTR share was valued at RON0.898, and since then the price has dropped by 36%, reaching RON0.572 today. Prior to October 28, the shares of the Ploiesti-based oilfield services company had appreciated by 32% in two trading sessions.
PTR’s upward move was part of a broader oil-sector buying spree that kicked off with Rompetrol Rafinare (stock symbol: RRC) before spreading to Oil Terminal (OIL). Speaking to Ziarul Financiar (ZF) daily, brokers attributed the sharp gains to a tight free float and a contagion effect across peer companies.