Pantheon Resources (LON:PANR) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Pantheon Resources Plc (LON:PANR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 30.69 ($0.40) and traded as high as GBX 67.30 ($0.87). Pantheon Resources shares last traded at GBX 64.80 ($0.84), with a volume of 23,154,438 shares.

Pantheon Resources Stock Up 6.2 %

The company has a market cap of £925.52 million, a PE ratio of -60.46 and a beta of -0.36. The business has a 50-day simple moving average of GBX 49.44 and a 200-day simple moving average of GBX 30.69. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35.

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.