Pantheon Resources (LON:PANR) Reaches New 52-Week High – What’s Next?

Pantheon Resources Plc (LON:PANR) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 72 ($0.93) and last traded at GBX 71.40 ($0.92), with a volume of 10467725 shares traded. The stock had previously closed at GBX 68.10 ($0.88).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 86 ($1.11) price target on shares of Pantheon Resources in a research note on Monday.

Pantheon Resources Price Performance

The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The stock has a market cap of £1.02 billion, a P/E ratio of -66.90 and a beta of -0.36. The firm has a 50 day moving average price of GBX 57.86 and a 200 day moving average price of GBX 34.81.

About Pantheon Resources

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.