Pantheon Resources (LON:PANR) Shares Up 7.3% – Time to Buy?

Shares of Pantheon Resources Plc (LON:PANR) shot up 7.3% during mid-day trading on Monday . The stock traded as high as GBX 11.62 and last traded at GBX 11.38. 57,443,410 shares changed hands during trading, an increase of 133% from the average session volume of 24,605,168 shares. The stock had previously closed at GBX 10.60.

Pantheon Resources Stock Performance

The company has a market capitalization of £138.50 million, a price-to-earnings ratio of -25.06 and a beta of -0.36. The company has a current ratio of 1.24, a quick ratio of 20.28 and a debt-to-equity ratio of 10.46. The stock has a 50-day simple moving average of GBX 7.92 and a 200-day simple moving average of GBX 17.79.

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.