Pantheon Resources (LON:PANR) Stock Price Up 12.2% – Here’s Why

Pantheon Resources Plc (LON:PANR) shares traded up 12.2% during trading on Monday . The company traded as high as GBX 8.94 and last traded at GBX 8.84. 26,181,256 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 20,393,764 shares. The stock had previously closed at GBX 7.88.

Pantheon Resources Stock Performance

The stock has a market cap of £128.56 million, a P/E ratio of -23.26 and a beta of -0.36. The firm’s 50-day moving average price is GBX 7.73 and its 200-day moving average price is GBX 18.85. The company has a debt-to-equity ratio of 10.46, a current ratio of 1.24 and a quick ratio of 20.28.

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.