Pantheon Resources (LON:PANR) Shares Pass Above 200-Day Moving Average - What's Next?

Pantheon Resources Plc (LON:PANR - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 28.90 ($0.36) and traded as high as GBX 61 ($0.77). Pantheon Resources shares last traded at GBX 59.90 ($0.76), with a volume of 4,562,542 shares trading hands.

Pantheon Resources Stock Up 8.8 %

The firm has a market capitalization of £917.07 million, a price-to-earnings ratio of -59.90 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 stock has a fifty day moving average of GBX 46 and a two-hundred day moving average of GBX 29.19.

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.