Pantheon Resources (LON:PANR) Shares Up 9.6% – Should You Buy?

Pantheon Resources Plc (LON:PANR) shot up 9.6% during mid-day trading on Monday . The company traded as high as GBX 13.68 and last traded at GBX 13.68. Approximately 9,284,908 shares were traded during mid-day trading, a decline of 51% from the average session volume of 18,897,619 shares. The stock had previously closed at GBX 12.48.

Pantheon Resources Price Performance

The firm has a market capitalization of £199.44 million, a price-to-earnings ratio of -29.74 and a beta of -0.36. The company has a current ratio of 1.34, a quick ratio of 20.28 and a debt-to-equity ratio of 4.84. The business has a 50-day moving average price of GBX 13.43 and a two-hundred day moving average price of GBX 11.05.

Insider Activity

In other news, insider Spencer of Alresford (Michael Spencer) acquired 2,120,742 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of GBX 14 per share, with a total value of £296,903.88. Company insiders own 7.49% of the company’s stock.

Pantheon Resources Company Profile

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.