Pantheon Resources Plc (LON:PANR - Get Free Report) rose 7.8% on Wednesday . The stock traded as high as GBX 25.20 ($0.34) and last traded at GBX 24.75 ($0.33). Approximately 10,317,563 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 8,182,223 shares. The stock had previously closed at GBX 22.95 ($0.31).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 74 ($1.00) target price on shares of Pantheon Resources in a report on Monday, May 19th.
Check Out Our Latest Research Report on PANR
Pantheon Resources Trading Up 1.9%
The business's 50-day moving average price is GBX 24.49 and its two-hundred day moving average price is GBX 41.17. The company has a market capitalization of £352.07 million, a P/E ratio of -23.00 and a beta of -0.36. 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
(
Get Free Report)
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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