Pantheon Resources (LON:PANR) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Pantheon Resources Plc (LON:PANR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 21.52 ($0.26) and traded as high as GBX 38 ($0.46). Pantheon Resources shares last traded at GBX 36.30 ($0.44), with a volume of 5,558,888 shares.

Pantheon Resources Trading Up 1.5 %

The company has a debt-to-equity ratio of 8.69, a quick ratio of 20.28 and a current ratio of 0.58. The company has a market capitalization of £416.41 million, a P/E ratio of -3,070.00 and a beta of -0.36. The company's fifty day simple moving average is GBX 27.72 and its 200-day simple moving average is GBX 21.60.

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.