Pantheon Resources (LON:PANR) Hits New 12-Month High - Should You Buy?

Pantheon Resources Plc (LON:PANR - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 59.80 ($0.75) and last traded at GBX 59.06 ($0.74), with a volume of 4326804 shares. The stock had previously closed at GBX 56 ($0.70).

Pantheon Resources Stock Performance

The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35. The company's fifty day moving average is GBX 37.36 and its 200 day moving average is GBX 25.40. The company has a market cap of £825.54 million, a P/E ratio of -53.93 and a beta of -0.36.

Pantheon Resources Company Profile

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.