Pantheon Resources (LON:PANR) Stock Price Passes Above 200-Day Moving Average of $26.15

Pantheon Resources Plc (LON:PANR)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 26.15 ($0.33) and traded as high as GBX 35.10 ($0.44). Pantheon Resources shares last traded at GBX 33.75 ($0.42), with a volume of 4,347,067 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 85 ($1.06) target price on shares of Pantheon Resources in a report on Tuesday, April 9th.

Pantheon Resources Stock Performance

The company has a market cap of £318.67 million, a price-to-earnings ratio of -3,375.00 and a beta of -0.29. The firm’s 50 day simple moving average is GBX 28.76 and its 200-day simple moving average is GBX 26.15. The company has a debt-to-equity ratio of 8.69, a quick ratio of 20.28 and a current ratio of 0.58.

Insiders Place Their Bets

In related news, insider David Hobbs purchased 980,455 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was acquired at an average cost of GBX 21 ($0.26) per share, for a total transaction of £205,895.55 ($256,312.15). Corporate insiders own 10.80% of the company’s stock.

Pantheon Resources Company Profile

Pantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Alkaid project that covers that covers 40,000 acres located in Alaska; and the Kodiak project covering an area of approximately 124,000 acres located in Alaska.