Pantheon Resources (LON:PANR) Trading Up 10.7% – Here’s Why

Pantheon Resources Plc (LON:PANR) shot up 10.7% during trading on Friday . The company traded as high as GBX 11.16 and last traded at GBX 11.14. 14,254,430 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 22,788,266 shares. The stock had previously closed at GBX 10.06.

Pantheon Resources Trading Up 10.7%

The company’s fifty day moving average price is GBX 8.10 and its two-hundred day moving average price is GBX 16.97. The company has a quick ratio of 20.28, a current ratio of 1.24 and a debt-to-equity ratio of 10.46. The company has a market cap of £162.01 million, a price-to-earnings ratio of -29.32 and a beta of -0.36.

About Pantheon Resources

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.