Pantheon Resources (LON:PANR) Reaches New 12-Month High – Here’s Why

Pantheon Resources Plc (LON:PANR)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 72 ($0.93) and last traded at GBX 71.40 ($0.92), with a volume of 10467725 shares traded. The stock had previously closed at GBX 68.10 ($0.88).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 86 ($1.11) target price on shares of Pantheon Resources in a research report on Monday.

Pantheon Resources Price Performance

The stock has a market capitalization of £1.02 billion, a P/E ratio of -66.90 and a beta of -0.36. The business’s 50 day moving average price is GBX 57.86 and its 200 day moving average price is GBX 34.81. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.

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.