Pantheon Resources (LON:PANR) Reaches New 52-Week High - Here's Why

Pantheon Resources Plc (LON:PANR - Get Free Report) shares reached a new 52-week high during mid-day 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 traded. The stock had previously closed at GBX 56 ($0.70).

Pantheon Resources Stock Up 5.7 %

The business has a 50-day moving average price of GBX 38.77 and a 200-day moving average price of GBX 25.98. The firm has a market cap of £872.68 million, a P/E ratio of -57.00 and a beta of -0.36. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35.

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.