Pantheon Resources (LON:PANR) Shares Down 11.3% – What’s Next?

Pantheon Resources Plc (LON:PANRGet Free Report)’s stock price was down 11.3% on Thursday . The company traded as low as GBX 14.16 and last traded at GBX 14.16. Approximately 14,764,070 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 16,162,139 shares. The stock had previously closed at GBX 15.97.

Pantheon Resources Trading Down 3.0%

The stock has a market cap of £200.32 million, a PE ratio of -29.87 and a beta of -0.36. The company’s fifty day moving average is GBX 13.73 and its 200-day moving average is GBX 11.59. The company has a debt-to-equity ratio of 4.84, a current ratio of 1.34 and a quick ratio of 20.28.

Insider Buying and Selling at Pantheon Resources

In related news, insider Spencer of Alresford (Michael Spencer) acquired 2,120,742 shares of Pantheon Resources stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of GBX 14 per share, for a total transaction of £296,903.88. Insiders own 7.65% of the company’s stock.

Pantheon Resources Company Profile

(Get Free Report)

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.

Further Reading

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