Pantheon Resources (LON:PANR) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Pantheon Resources Plc (LON:PANR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 11.43 and traded as high as GBX 14.80. Pantheon Resources shares last traded at GBX 14.37, with a volume of 2,624,027 shares.

Pantheon Resources Stock Up 1.6%

The company has a market capitalization of £209.50 million, a PE ratio of -31.24 and a beta of -0.36. The stock’s fifty day moving average is GBX 13.20 and its two-hundred day moving average is GBX 11.43. The company has a current ratio of 1.34, a quick ratio of 20.28 and a debt-to-equity ratio of 4.84.

Insider Buying and Selling

In related news, insider Spencer of Alresford (Michael Spencer) bought 2,120,742 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of GBX 14 per share, for a total transaction of £296,903.88. Corporate insiders own 7.49% of the company’s stock.

Pantheon Resources Company Profile

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.