Pantheon Resources Plc (LON:PANR - Get Free Report) shot up 14.5% during mid-day trading on Tuesday . The stock traded as high as GBX 65 ($0.82) and last traded at GBX 64.10 ($0.81). 13,792,670 shares changed hands during trading, an increase of 82% from the average session volume of 7,567,662 shares. The stock had previously closed at GBX 56 ($0.70).
Pantheon Resources Trading Up 5.7 %
The company's 50-day moving average is GBX 38.04 and its 200-day moving average is GBX 25.66. The firm has a market cap of £872.68 million, a price-to-earnings ratio of -57.00 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79.
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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