Pantheon Resources (LON:PANR) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Pantheon Resources Plc (LON:PANR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 21.73 and traded as low as GBX 7.11. Pantheon Resources shares last traded at GBX 7.31, with a volume of 14,711,589 shares changing hands.

Pantheon Resources Price Performance

The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The company has a market capitalization of £97.93 million, a PE ratio of -19.12 and a beta of -0.36. The company’s 50-day simple moving average is GBX 13.23 and its 200-day simple moving average is GBX 21.73.

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.