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

Shares of Pantheon Resources Plc (LON:PANR - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 67.80 ($0.86) and last traded at GBX 67.07 ($0.85), with a volume of 7770567 shares changing hands. The stock had previously closed at GBX 63.50 ($0.80).

Pantheon Resources Trading Down 4.7 %

The firm has a market cap of £922.67 million, a price-to-earnings ratio of -60.27 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. The firm's fifty day moving average is GBX 41.74 and its 200-day moving average is GBX 27.34.

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.