Pantheon Resources (LON:PANR) Stock Price Up 7% – What’s Next?

Shares of Pantheon Resources Plc (LON:PANR) rose 7% during mid-day trading on Tuesday . The company traded as high as GBX 15 and last traded at GBX 14.75. Approximately 11,996,845 shares were traded during trading, a decline of 41% from the average daily volume of 20,263,357 shares. The stock had previously closed at GBX 13.78.

Pantheon Resources Stock Up 7.0%

The company has a market cap of £215.04 million, a PE ratio of -32.07 and a beta of -0.36. The business has a 50-day simple moving average of GBX 11.90 and a 200-day simple moving average of GBX 12.33. The company has a quick ratio of 20.28, a current ratio of 1.34 and a debt-to-equity ratio of 4.84.

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.