Pantheon Resources (LON:PANR) Shares Up 8.6% – What’s Next?

Pantheon Resources Plc (LON:PANR) shares rose 8.6% during mid-day trading on Monday . The stock traded as high as GBX 12.92 and last traded at GBX 11.66. 25,864,674 shares traded hands during trading, an increase of 69% from the average daily volume of 15,291,217 shares. The stock had previously closed at GBX 10.74.

Pantheon Resources Stock Down 0.5%

The company has a current ratio of 5.21, a quick ratio of 20.28 and a debt-to-equity ratio of 5.33. The stock has a market capitalization of £148.39 million, a P/E ratio of -22.13 and a beta of -0.36. The business has a 50-day moving average price of GBX 12.67 and a 200 day moving average price of GBX 12.33.

About Pantheon Resources

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.