Pantheon Resources (LON:PANR) Trading 13.8% Higher – Here’s What Happened

Pantheon Resources Plc (LON:PANR)’s share price was up 13.8% during mid-day trading on Tuesday . The company 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 trading, an increase of 54% from the average daily volume of 7,410,994 shares. The stock had previously closed at GBX 50 ($0.63).

Pantheon Resources Price Performance

The company’s 50-day simple moving average is GBX 33.28 and its 200 day simple moving average is GBX 23.84. The company has a market cap of £635.06 million, a PE ratio of -3,070.00 and a beta of -0.36. The company has a debt-to-equity ratio of 8.69, a quick ratio of 20.28 and a current ratio of 0.58.

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.