Pantheon Resources (LON:PANR) Stock Price Up 12.2% – Time to Buy?

Pantheon Resources Plc (LON:PANR) shares were up 12.2% during mid-day trading on Monday . The company traded as high as GBX 8.94 and last traded at GBX 8.84. Approximately 26,181,256 shares were traded during trading, an increase of 28% from the average daily volume of 20,393,764 shares. The stock had previously closed at GBX 7.88.

Pantheon Resources Price Performance

The company has a quick ratio of 20.28, a current ratio of 1.24 and a debt-to-equity ratio of 10.46. The business’s 50-day simple moving average is GBX 7.73 and its 200-day simple moving average is GBX 18.85. The stock has a market cap of £128.56 million, a PE ratio of -23.26 and a beta of -0.36.

About Pantheon Resources

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. The Company owns 100% working interest in c. 259,000 acres.

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of approximately $5 per barrel of recoverable resources by end 2028.