Pantheon Resources (LON:PANR) Insider Acquires £296,903.88 in Stock

Pantheon Resources Plc (LON:PANR) insider Spencer of Alresford (Michael Spencer) bought 2,120,742 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price of GBX 14 per share, with a total value of £296,903.88.

Pantheon Resources Trading Up 22.0%

Pantheon Resources stock opened at GBX 16.50 on Thursday. The stock has a 50-day simple moving average of GBX 12.09 and a 200 day simple moving average of GBX 12.18. The stock has a market capitalization of £240.55 million, a P/E ratio of -35.87 and a beta of -0.36. The company has a debt-to-equity ratio of 4.84, a quick ratio of 20.28 and a current ratio of 1.34. Pantheon Resources Plc has a 52 week low of GBX 6.70 and a 52 week high of GBX 33.26.

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.