Pantheon Resources (LON:PANR) Receives Speculative Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Pantheon Resources (LON:PANR) in a research note released on Wednesday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 90 ($1.13) price objective on the stock.

Pantheon Resources Trading Down 4.3 %

Shares of LON:PANR opened at GBX 31.63 ($0.40) on Wednesday. Pantheon Resources has a 12-month low of GBX 10.10 ($0.13) and a 12-month high of GBX 45.50 ($0.57). The business’s fifty day simple moving average is GBX 30.22 and its 200-day simple moving average is GBX 26.48. The company has a market capitalization of £298.66 million, a PE ratio of -3,200.00 and a beta of -0.24. The company has a current ratio of 0.58, a quick ratio of 20.28 and a debt-to-equity ratio of 8.69.

About Pantheon Resources

Pantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Alkaid project that covers that covers 40,000 acres located in Alaska; and the Kodiak project covering an area of approximately 124,000 acres located in Alaska.