Pantheon Resources (LON:PANR) Trading Up 9.6% – Still a Buy?

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

Pantheon Resources Stock Performance

The business’s fifty day moving average price is GBX 13.55 and its two-hundred day moving average price is GBX 10.95. The company has a debt-to-equity ratio of 4.84, a quick ratio of 20.28 and a current ratio of 1.34. The stock has a market capitalization of £207.17 million, a P/E ratio of -30.89 and a beta of -0.36.

Insider Buying and Selling

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

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.