Pantheon Resources (LON:PANR) Trading Up 14.5% – Still a Buy?

Pantheon Resources Plc (LON:PANR)’s share price was up 14.5% during mid-day trading on Tuesday . The stock traded as high as GBX 65 ($0.81) and last traded at GBX 64.10 ($0.80). Approximately 13,792,670 shares were traded during trading, an increase of 82% from the average daily volume of 7,567,662 shares. The stock had previously closed at GBX 56 ($0.70).

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 £656.22 million, a P/E ratio of -3,070.00 and a beta of -0.36. The stock’s 50 day moving average price is GBX 36.66 and its 200 day moving average price is GBX 25.13.

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.