Pantheon Resources (LON:PANR) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Pantheon Resources Plc (LON:PANR)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 13.86 and traded as high as GBX 14.97. Pantheon Resources shares last traded at GBX 14.14, with a volume of 3,314,464 shares trading hands.

Pantheon Resources Price Performance

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 50-day simple moving average is GBX 13.86 and its two-hundred day simple moving average is GBX 10.79. The company has a market capitalization of £204.25 million, a price-to-earnings ratio of -30.46 and a beta of -0.36.

Insider Buying and Selling at Pantheon Resources

In related news, insider Spencer of Alresford (Michael Spencer) purchased 2,120,742 shares of Pantheon Resources stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price of GBX 14 per share, for a total transaction of £296,903.88. 7.65% of the stock is currently owned by company insiders.

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.