Pantheon Resources (LON:PANR) Shares Down 5.8% – Here’s Why

Pantheon Resources Plc (LON:PANR) shares were down 5.8% during mid-day trading on Wednesday . The stock traded as low as GBX 13.37 and last traded at GBX 13.89. Approximately 9,202,921 shares traded hands during trading, a decline of 54% from the average daily volume of 20,155,975 shares. The stock had previously closed at GBX 14.75.

Pantheon Resources Stock Down 0.5%

The company has a current ratio of 1.34, a quick ratio of 20.28 and a debt-to-equity ratio of 4.84. The firm has a market cap of £201.45 million, a P/E ratio of -30.04 and a beta of -0.36. The company’s 50 day simple moving average is GBX 11.90 and its 200-day simple moving average is GBX 12.33.

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.