Pantheon Resources (LON:PANR) Stock Price Up 11.6% – Should You Buy?

Pantheon Resources Plc (LON:PANR)’s share price shot up 11.6% during trading on Friday . The company traded as high as GBX 14 and last traded at GBX 13.84. 9,312,420 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 16,228,308 shares. The stock had previously closed at GBX 12.40.

Pantheon Resources Price Performance

The company has a quick ratio of 20.28, a current ratio of 1.34 and a debt-to-equity ratio of 4.84. The firm has a market cap of £201.77 million, a PE ratio of -30.09 and a beta of -0.36. The stock has a 50 day moving average price of GBX 13.84 and a two-hundred day moving average price of GBX 11.36.

Insider Buying and Selling

In related news, insider Spencer of Alresford (Michael Spencer) bought 2,120,742 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of GBX 14 per share, with a total value of £296,903.88. 7.65% of the stock is owned by company insiders.

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.