Pantheon Resources (LON:PANR) Trading Up 10.7% – Should You Buy?

Pantheon Resources Plc (LON:PANR) shares were up 10.7% during mid-day trading on Friday . The stock traded as high as GBX 11.16 and last traded at GBX 11.14. Approximately 14,254,430 shares changed hands during trading, a decline of 37% from the average daily volume of 22,788,266 shares. The stock had previously closed at GBX 10.06.

Pantheon Resources Stock Up 10.5%

The business’s 50 day moving average is GBX 8.18 and its 200 day moving average is GBX 16.73. The company has a market capitalization of £161.72 million, a price-to-earnings ratio of -29.26 and a beta of -0.36. The company has a debt-to-equity ratio of 10.46, a quick ratio of 20.28 and a current ratio of 1.24.

About Pantheon Resources

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.