Pantheon Resources Plc (LON:PANR - Get Free Report) shares shot up 9.2% on Wednesday . The stock traded as high as GBX 23.96 ($0.32) and last traded at GBX 23.75 ($0.32). 14,871,592 shares were traded during mid-day trading, an increase of 84% from the average session volume of 8,073,307 shares. The stock had previously closed at GBX 21.75 ($0.29).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 74 ($0.99) price target on shares of Pantheon Resources in a research report on Monday, May 19th.
Get Our Latest Stock Report on Pantheon Resources
Pantheon Resources Price Performance
The firm has a fifty day simple moving average of GBX 26.66 and a 200 day simple moving average of GBX 42.35. The company has a market capitalization of £335.64 million, a PE ratio of -21.92 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79.
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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