Pantheon Resources (LON:PANR) Stock Price Up 11.6% – What’s Next?

Pantheon Resources Plc (LON:PANR)’s stock price rose 11.6% during mid-day trading on Friday . The stock traded as high as GBX 14 and last traded at GBX 13.84. Approximately 9,312,420 shares changed hands during trading, a decline of 43% from the average session volume of 16,228,308 shares. The stock had previously closed at GBX 12.40.

Pantheon Resources Price Performance

The company has a current ratio of 1.34, a quick ratio of 20.28 and a debt-to-equity ratio of 4.84. The business has a 50-day moving average of GBX 13.84 and a 200 day moving average of GBX 11.34. The firm has a market capitalization of £201.77 million, a PE ratio of -30.09 and a beta of -0.36.

Insider Buying and Selling at Pantheon Resources

In other news, insider Spencer of Alresford (Michael Spencer) purchased 2,120,742 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of GBX 14 per share, with a total value of £296,903.88. 7.65% of the stock is owned by insiders.

About Pantheon Resources

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. The Company owns 100% working interest in c. 259,000 acres.

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of approximately $5 per barrel of recoverable resources by end 2028.