Pantheon Resources (LON:PANR) Trading Up 11.6% – Should You Buy?

Pantheon Resources Plc (LON:PANR)’s stock price was up 11.6% during mid-day trading on Friday . The company traded as high as GBX 14 and last traded at GBX 13.84. Approximately 9,312,420 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 16,228,308 shares. The stock had previously closed at GBX 12.40.

Pantheon Resources Stock Up 11.6%

The company has a market capitalization of £201.77 million, a PE ratio of -30.09 and a beta of -0.36. The stock’s fifty day moving average is GBX 13.84 and its two-hundred day moving average is GBX 11.34. The company has a current ratio of 1.34, a quick ratio of 20.28 and a debt-to-equity ratio of 4.84.

Insider Buying and Selling at Pantheon Resources

In related news, insider Spencer of Alresford (Michael Spencer) purchased 2,120,742 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of GBX 14 per share, for a total transaction of £296,903.88. 7.65% of the stock is owned by corporate insiders.

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.