Pantheon Resources (LON:PANR) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Shares of Pantheon Resources Plc (LON:PANR - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 39.40 ($0.52) and traded as high as GBX 54.40 ($0.72). Pantheon Resources shares last traded at GBX 52.20 ($0.69), with a volume of 6,422,065 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 86 ($1.14) price objective on shares of Pantheon Resources in a research note on Monday, March 24th.

Pantheon Resources Trading Up 7.8 %

The company has a market cap of £544.17 million, a P/E ratio of -35.55 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The firm's 50 day moving average is GBX 60.77 and its two-hundred day moving average is GBX 39.58.

Insider Activity

In other news, insider Linda Havard acquired 21,000 shares of Pantheon Resources stock in a transaction dated Wednesday, March 26th. The shares were bought at an average cost of GBX 70 ($0.93) per share, with a total value of £14,700 ($19,457.31). Insiders own 10.15% of the company's stock.

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.