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Pantheon Resources (LON:PANR) Trading 11.6% Higher - Time to Buy?

Pantheon Resources logo with Energy background

Pantheon Resources Plc (LON:PANR - Get Free Report)'s stock price shot up 11.6% during trading on Friday . The stock traded as high as GBX 27.90 ($0.35) and last traded at GBX 27.80 ($0.35). Approximately 8,097,285 shares changed hands during mid-day trading, an increase of 70% from the average daily volume of 4,769,215 shares. The stock had previously closed at GBX 24.90 ($0.31).

Pantheon Resources Price Performance

The business's 50 day moving average price is GBX 22.10 and its 200-day moving average price is GBX 21.50. The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69. The company has a market cap of £310.75 million, a PE ratio of -3,070.00 and a beta of -0.36.

Pantheon Resources Company Profile

(Get Free Report)

Pantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Alkaid project that covers that covers 40,000 acres located in Alaska; and the Kodiak project covering an area of approximately 124,000 acres located in Alaska.

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