Pantheon Resources’ (PANR) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Pantheon Resources (LON:PANR) in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have a GBX 70 price target on the stock.

Pantheon Resources Price Performance

Shares of LON:PANR opened at GBX 27.50 on Monday. The company’s fifty day moving average is GBX 25.89 and its two-hundred day moving average is GBX 37.01. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. Pantheon Resources has a 12-month low of GBX 14.20 and a 12-month high of GBX 73. The company has a market cap of £340.67 million, a P/E ratio of -2,722.77 and a beta of -0.36.

About Pantheon Resources

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.