Pantheon Resources (LON:PANR) Trading 13.8% Higher - Here's What Happened

Shares of Pantheon Resources Plc (LON:PANR - Get Free Report) rose 13.8% during mid-day trading on Tuesday . The stock traded as high as GBX 57 ($0.71) and last traded at GBX 56.90 ($0.71). Approximately 11,383,340 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 7,410,994 shares. The stock had previously closed at GBX 50 ($0.62).

Pantheon Resources Stock Performance

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 £632.80 million, a price-to-earnings ratio of -3,070.00 and a beta of -0.36. The firm has a 50-day simple moving average of GBX 34.51 and a two-hundred day simple moving average of GBX 24.31.

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.