Pantheon Resources (LON:PANR) Stock Price Crosses Above 200 Day Moving Average of $26.29

Shares of Pantheon Resources Plc (LON:PANR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 26.29 ($0.32) and traded as high as GBX 33.83 ($0.42). Pantheon Resources shares last traded at GBX 32.75 ($0.40), with a volume of 2,669,073 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 85 ($1.05) price target on shares of Pantheon Resources in a research note on Tuesday, April 9th.

Pantheon Resources Stock Down 0.5 %

The firm has a market cap of £307.64 million, a P/E ratio of -3,275.00 and a beta of -0.29. The stock’s 50 day simple moving average is GBX 29.33 and its 200 day simple moving average is GBX 26.29. The company has a debt-to-equity ratio of 8.69, a quick ratio of 20.28 and a current ratio of 0.58.

Insider Buying and Selling at Pantheon Resources

In other Pantheon Resources news, insider David Hobbs purchased 980,455 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of GBX 21 ($0.26) per share, for a total transaction of £205,895.55 ($254,317.63). 10.80% of the stock is currently owned by company insiders.

About Pantheon Resources

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.