Pantheon Resources (LON:PANR) Trading 14.5% Higher – Here’s Why

Pantheon Resources Plc (LON:PANR) shares rose 14.5% on Tuesday . The stock traded as high as GBX 65 ($0.80) and last traded at GBX 64.10 ($0.79). Approximately 13,792,670 shares traded hands during mid-day trading, an increase of 82% from the average daily volume of 7,567,662 shares. The stock had previously closed at GBX 56 ($0.69).

Pantheon Resources Price Performance

The stock has a market capitalization of £744.67 million, a price-to-earnings ratio of -3,070.00 and a beta of -0.36. The business’s fifty day moving average price is GBX 35.14 and its 200-day moving average price is GBX 24.61. The company has a debt-to-equity ratio of 8.69, a current ratio of 0.58 and a quick ratio of 20.28.

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.