Pantheon Resources Plc (LON:PANR - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 40.35 ($0.54) and traded as low as GBX 34.70 ($0.46). Pantheon Resources shares last traded at GBX 37.05 ($0.49), with a volume of 11,618,580 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 86 ($1.14) target price on shares of Pantheon Resources in a report on Monday, March 24th.
Get Our Latest Stock Report on PANR
Pantheon Resources Stock Performance
The firm's 50-day moving average price is GBX 57.24 and its two-hundred day moving average price is GBX 40.81. The firm has a market capitalization of £483.47 million, a PE ratio of -31.58 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35.
Insider Transactions at Pantheon Resources
In related news, insider Linda Havard acquired 21,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of GBX 70 ($0.93) per share, with a total value of £14,700 ($19,550.47). 10.15% of the stock is currently owned by insiders.
About Pantheon Resources
(
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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.
Further Reading
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