Pantheon Resources (LON:PANR) Share Price Crosses Above 200-Day Moving Average of $26.62

Pantheon Resources Plc (LON:PANR)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 26.62 ($0.33) and traded as high as GBX 32.80 ($0.41). Pantheon Resources shares last traded at GBX 31.80 ($0.40), with a volume of 1,167,367 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 90 ($1.13) price target on shares of Pantheon Resources in a research report on Wednesday, May 1st.

Pantheon Resources Trading Down 2.5 %

The company has a debt-to-equity ratio of 8.69, a quick ratio of 20.28 and a current ratio of 0.58. The stock has a market cap of £292.71 million, a price-to-earnings ratio of -3,180.00 and a beta of -0.24. The company’s 50 day simple moving average is GBX 30.91 and its two-hundred day simple moving average is GBX 26.62.

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.