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

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Pantheon Resources (LON:PANR) in a research report sent to investors on Monday morning, Marketbeat reports. Canaccord Genuity Group currently has a GBX 74 ($0.99) price objective on the stock.

Pantheon Resources Price Performance

Shares of LON PANR opened at GBX 25.80 ($0.34) on Monday. The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. Pantheon Resources has a fifty-two week low of GBX 14.20 ($0.19) and a fifty-two week high of GBX 73 ($0.98). The firm has a market capitalization of £368.49 million, a PE ratio of -24.07 and a beta of -0.36. The stock’s 50-day simple moving average is GBX 48.53 and its 200-day simple moving average is GBX 42.77.

Insider Buying and Selling

In other news, insider Linda Havard purchased 21,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average price of GBX 70 ($0.93) per share, for a total transaction of £14,700 ($19,634.03). 10.15% of the stock is currently owned by company insiders.

Pantheon Resources Company Profile

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing the Ahpun and Kodiak fields located on state land on the Alaska North Slope (“ANS”), onshore USA where, following issue of the new leases, it will have a 100% working interest in c. 259,000 acres. Certified contingent resources attributable to these projects exceeds 1 billion barrels of marketable liquids, located adjacent to Alaska’s Trans Alaska Pipeline System (“TAPS”).

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028.