Pantheon Resources (LON:PANR) Shares Cross Above 200-Day Moving Average of $26.15

Shares of Pantheon Resources Plc (LON:PANR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 26.15 ($0.33) and traded as high as GBX 35.10 ($0.44). Pantheon Resources shares last traded at GBX 33.75 ($0.42), with a volume of 4,347,067 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 85 ($1.06) price objective on shares of Pantheon Resources in a research note on Tuesday, April 9th.

Pantheon Resources Stock Performance

The firm has a market capitalization of £318.67 million, a price-to-earnings ratio of -3,375.00 and a beta of -0.29. The company has a current ratio of 0.58, a quick ratio of 20.28 and a debt-to-equity ratio of 8.69. The stock’s 50-day moving average is GBX 28.76 and its 200-day moving average is GBX 26.15.

Insiders Place Their Bets

In other news, insider David Hobbs bought 980,455 shares of the stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of GBX 21 ($0.26) per share, with a total value of £205,895.55 ($256,312.15). Insiders own 10.80% of the company’s stock.

Pantheon Resources Company Profile

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.