Canaccord Genuity Group Reiterates Speculative Buy Rating for Pantheon Resources (LON:PANR)

Pantheon Resources (LON:PANR)‘s stock had its “speculative buy” rating restated by equities researchers at Canaccord Genuity Group in a note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 86 ($1.11) target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 30.11% from the stock’s current price.

Pantheon Resources Trading Up 0.5 %

Shares of PANR traded up GBX 0.30 ($0.00) during midday trading on Monday, hitting GBX 66.10 ($0.85). 2,068,496 shares of the stock were exchanged, compared to its average volume of 6,887,344. Pantheon Resources has a 52-week low of GBX 14.20 ($0.18) and a 52-week high of GBX 71.90 ($0.93). The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The stock has a fifty day simple moving average of GBX 56.66 and a 200 day simple moving average of GBX 34.11. The firm has a market cap of £944.09 million, a P/E ratio of -61.67 and a beta of -0.36.

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.