Shares of Pantheon Resources Plc (LON:PANR - Get Free Report) were up 15.3% on Monday . The company traded as high as GBX 31.25 ($0.42) and last traded at GBX 30.90 ($0.41). Approximately 25,498,439 shares were traded during trading, an increase of 211% from the average daily volume of 8,186,068 shares. The stock had previously closed at GBX 26.80 ($0.36).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 74 target price on shares of Pantheon Resources in a research note on Monday, May 19th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 74.
Read Our Latest Stock Analysis on Pantheon Resources
Pantheon Resources Price Performance
The firm has a market capitalization of £449.19 million, a P/E ratio of -29.34 and a beta of -0.36. The firm's 50 day simple moving average is GBX 24.67 and its two-hundred day simple moving average is GBX 39.89. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.
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.
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