Pantheon Resources (LON:PANR) Reaches New 12-Month High – Here’s Why

Shares of Pantheon Resources Plc (LON:PANR) hit a new 52-week high on Thursday . The stock traded as high as GBX 67.80 ($0.85) and last traded at GBX 67.07 ($0.84), with a volume of 7770567 shares traded. The stock had previously closed at GBX 63.50 ($0.80).

Pantheon Resources Stock Up 7.7 %

The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The firm has a 50 day moving average of GBX 40.94 and a two-hundred day moving average of GBX 26.98. The firm has a market capitalization of £977.17 million, a price-to-earnings ratio of -63.83 and a beta of -0.36.

About Pantheon Resources

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing the Ahpun and Kodiak fields located on state land on the Alaska North Slope (“ANS”), onshore USA where, following issue of the new leases, it will have a 100% working interest in c. 259,000 acres. Certified contingent resources attributable to these projects exceeds 1 billion barrels of marketable liquids, located adjacent to Alaska’s Trans Alaska Pipeline System (“TAPS”).

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028.