Pantheon Resources (LON:PANR) Trading Up 10.8% – Here’s What Happened

Pantheon Resources Plc (LON:PANR)’s share price was up 10.8% during mid-day trading on Friday . The company traded as high as GBX 12.85 and last traded at GBX 12.69. Approximately 9,892,606 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 19,093,926 shares. The stock had previously closed at GBX 11.45.

Pantheon Resources Trading Up 13.1%

The firm has a market capitalization of £188.74 million, a PE ratio of -28.14 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 1.34 and a debt-to-equity ratio of 4.84. The stock’s fifty day simple moving average is GBX 10.44 and its 200 day simple moving average is GBX 13.32.

Pantheon Resources Company Profile

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.