Pantheon Resources (LON:PANR) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Pantheon Resources Plc (LON:PANR)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 17.22 and traded as low as GBX 8.66. Pantheon Resources shares last traded at GBX 9.02, with a volume of 11,929,380 shares traded.

Pantheon Resources Trading Down 1.4%

The company has a debt-to-equity ratio of 10.46, a current ratio of 1.24 and a quick ratio of 20.28. The firm has a market cap of £131.21 million, a P/E ratio of -23.74 and a beta of -0.36. The company’s 50 day moving average is GBX 7.99 and its two-hundred day moving average is GBX 17.22.

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.