Pantheon Resources Plc (LON:PANR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 33.78 ($0.44) and traded as high as GBX 71 ($0.92). Pantheon Resources shares last traded at GBX 67.60 ($0.87), with a volume of 3,364,539 shares changing hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 86 ($1.11) price target on shares of Pantheon Resources in a report on Monday.
View Our Latest Report on Pantheon Resources
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 has a market cap of £925.52 million, a P/E ratio of -60.46 and a beta of -0.36. The business's 50 day simple moving average is GBX 56.66 and its 200 day simple moving average is GBX 34.11.
Pantheon Resources Company Profile
(
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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.
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