Pantheon Resources (LON:PANR) Stock Price Up 13.8% – Here’s Why

Pantheon Resources Plc (LON:PANR)’s stock price rose 13.8% during trading on Tuesday . The company traded as high as GBX 57 ($0.71) and last traded at GBX 56.90 ($0.71). Approximately 11,383,340 shares changed hands during trading, an increase of 54% from the average daily volume of 7,410,994 shares. The stock had previously closed at GBX 50 ($0.62).

Pantheon Resources Trading Down 0.4 %

The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69. The business’s fifty day moving average is GBX 32 and its 200 day moving average is GBX 23.39. The firm has a market capitalization of £640.71 million, a price-to-earnings ratio of -3,070.00 and a beta of -0.36.

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.