Pantheon Resources (LON:PANR) Hits New 12-Month High – Time to Buy?

Pantheon Resources Plc (LON:PANR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 71.20 ($0.92) and last traded at GBX 70.87 ($0.92), with a volume of 4777420 shares traded. The stock had previously closed at GBX 67.80 ($0.88).

Pantheon Resources Trading Up 0.3 %

The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. The firm has a market cap of £1.01 billion, a PE ratio of -65.68 and a beta of -0.36. The company’s 50 day moving average price is GBX 53.26 and its 200 day moving average price is GBX 32.42.

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.