Pantheon Resources (LON:PANR) Receives Speculative Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Pantheon Resources (LON:PANR - Free Report) in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have a GBX 86 ($1.11) price objective on the stock.

Pantheon Resources Stock Performance

LON:PANR traded up GBX 4.90 ($0.06) during mid-day trading on Monday, reaching GBX 69.80 ($0.90). The stock had a trading volume of 16,981,189 shares, compared to its average volume of 7,216,479. Pantheon Resources has a twelve month low of GBX 14.20 ($0.18) and a twelve month high of GBX 73 ($0.95). The business has a 50 day simple moving average of GBX 59.11 and a 200 day simple moving average of GBX 35.52. The firm has a market capitalization of £996.94 million, a price-to-earnings ratio of -65.12 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79.

Insider Buying and Selling at Pantheon Resources

In other news, insider Linda Havard purchased 21,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of GBX 70 ($0.91) per share, for a total transaction of £14,700 ($19,031.59). 10.15% of the stock is owned by corporate insiders.

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.