Pantheon Resources (LON:PANR) Sets New 52-Week High – Time to Buy?

Pantheon Resources Plc (LON:PANR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 72 ($0.93) and last traded at GBX 71.40 ($0.92), with a volume of 10467725 shares changing hands. The stock had previously closed at GBX 68.10 ($0.88).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 86 ($1.11) price target on shares of Pantheon Resources in a research note on Monday.

Pantheon Resources Trading Up 1.7 %

The firm has a market cap of £942.58 million, a PE ratio of -61.57 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. The business has a 50-day moving average price of GBX 59.11 and a two-hundred day moving average price of GBX 35.52.

Insider Buying and Selling at Pantheon Resources

In related news, insider Linda Havard purchased 21,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of GBX 70 ($0.91) per share, with a total value of £14,700 ($19,031.59). 10.15% of the stock is currently owned by insiders.

About Pantheon Resources

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.