Pantheon Resources (LON:PANR) Stock Price Up 7% – Time to Buy?

Pantheon Resources Plc (LON:PANR)’s share price rose 7% during trading on Tuesday . The stock traded as high as GBX 15 and last traded at GBX 14.75. Approximately 11,996,845 shares were traded during trading, a decline of 41% from the average daily volume of 20,263,357 shares. The stock had previously closed at GBX 13.78.

Pantheon Resources Stock Up 2.9%

The company has a debt-to-equity ratio of 4.84, a quick ratio of 20.28 and a current ratio of 1.34. The firm’s 50-day simple moving average is GBX 12.09 and its 200 day simple moving average is GBX 12.18. The company has a market cap of £202.84 million, a P/E ratio of -30.25 and a beta of -0.36.

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.