Pantheon Resources (LON:PANR) Reaches New 1-Year High – Time to Buy?

Pantheon Resources Plc (LON:PANR) reached a new 52-week high on Monday . The company traded as high as GBX 51.80 ($0.64) and last traded at GBX 51.70 ($0.64), with a volume of 6969889 shares trading hands. The stock had previously closed at GBX 50 ($0.61).

Pantheon Resources Price Performance

The business has a 50-day moving average price of GBX 32 and a two-hundred day moving average price of GBX 23.37. The company has a market capitalization of £584.19 million, a price-to-earnings ratio of -3,070.00 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69.

Pantheon Resources Company Profile

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.