Pantheon Resources (LON:PANR) Stock Price Down 5.8% – What’s Next?

Pantheon Resources Plc (LON:PANR)’s stock price traded down 5.8% on Wednesday . The stock traded as low as GBX 13.37 and last traded at GBX 13.89. 9,202,921 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 20,155,975 shares. The stock had previously closed at GBX 14.75.

Pantheon Resources Stock Down 0.6%

The firm has a market cap of £256.91 million, a price-to-earnings ratio of -38.31 and a beta of -0.36. The business’s 50 day moving average price is GBX 12.26 and its 200 day moving average price is GBX 12.14. The company has a debt-to-equity ratio of 4.84, a quick ratio of 20.28 and a current ratio of 1.34.

Insider Activity at Pantheon Resources

In other news, insider Spencer of Alresford (Michael Spencer) acquired 2,120,742 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of GBX 14 per share, with a total value of £296,903.88. 1.73% of the stock is owned by insiders.

Pantheon Resources Company Profile

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.