Pantheon Resources (LON:PANR) Sets New 12-Month High - Still a Buy?

Pantheon Resources Plc (LON:PANR - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 51.80 ($0.64) and last traded at GBX 51.70 ($0.64), with a volume of 6969889 shares trading hands. The stock had previously closed at GBX 50 ($0.62).

Pantheon Resources Trading Up 0.7 %

The company has a market cap of £632.80 million, a PE ratio of -3,070.00 and a beta of -0.36. The company has a current ratio of 0.58, a quick ratio of 20.28 and a debt-to-equity ratio of 8.69. The stock has a 50 day moving average price of GBX 35.14 and a 200 day moving average price of GBX 24.55.

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.