Pantheon Resources’ (PANR) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Pantheon Resources (LON:PANR) in a research note published on Monday, MarketBeat reports. The brokerage currently has a GBX 74 ($0.99) target price on the stock.

Pantheon Resources Stock Performance

LON:PANR opened at GBX 20.65 ($0.28) on Monday. The company’s 50-day moving average is GBX 46.67 and its two-hundred day moving average is GBX 42.50. Pantheon Resources has a 1-year low of GBX 14.20 ($0.19) and a 1-year high of GBX 73 ($0.98). The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. The firm has a market capitalization of £294.94 million, a price-to-earnings ratio of -19.27 and a beta of -0.36.

Insiders Place Their Bets

In other news, insider Linda Havard acquired 21,000 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was acquired at an average cost of GBX 70 ($0.94) per share, with a total value of £14,700 ($19,713.02). Insiders own 10.15% of the company’s stock.

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.