Pantheon Resources (LON:PANR) Stock Price Crosses Above 200 Day Moving Average of $26.29

Pantheon Resources Plc (LON:PANR)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 26.29 ($0.32) and traded as high as GBX 33.83 ($0.42). Pantheon Resources shares last traded at GBX 32.75 ($0.40), with a volume of 2,669,073 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 85 ($1.05) price target on shares of Pantheon Resources in a research note on Tuesday, April 9th.

Pantheon Resources Stock Performance

The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69. The company has a 50 day moving average of GBX 29.33 and a 200 day moving average of GBX 26.29. The firm has a market cap of £307.64 million, a price-to-earnings ratio of -3,275.00 and a beta of -0.29.

Insider Buying and Selling

In other news, insider David Hobbs acquired 980,455 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were purchased at an average price of GBX 21 ($0.26) per share, for a total transaction of £205,895.55 ($254,317.63). Insiders own 10.80% of the company’s stock.

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.