Pantheon Resources Plc (LON:PANR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 37.21 ($0.48) and traded as high as GBX 62.92 ($0.80). Pantheon Resources shares last traded at GBX 60.90 ($0.78), with a volume of 12,185,858 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 86 ($1.10) target price on shares of Pantheon Resources in a report on Monday, March 24th.
Get Our Latest Stock Analysis on PANR
Pantheon Resources Stock Performance
The stock has a fifty day moving average of GBX 62.02 and a 200-day moving average of GBX 38.35. The firm has a market capitalization of £815.54 million, a P/E ratio of -53.27 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.
Insider Transactions at Pantheon Resources
In other Pantheon Resources news, insider Linda Havard acquired 21,000 shares of Pantheon Resources stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of GBX 70 ($0.89) per share, for a total transaction of £14,700 ($18,783.54). Company insiders own 10.15% of the company's stock.
About Pantheon Resources
(
Get Free Report)
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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