Pantheon Resources’ (PANR) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Pantheon Resources (LON:PANR)‘s stock had its “speculative buy” rating restated by Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 40 target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 279.69% from the stock’s previous close.

Pantheon Resources Stock Up 1.9%

PANR stock opened at GBX 10.54 on Wednesday. Pantheon Resources has a twelve month low of GBX 6.70 and a twelve month high of GBX 31. The company has a quick ratio of 20.28, a current ratio of 5.21 and a debt-to-equity ratio of 5.33. The company has a market cap of £153.59 million, a PE ratio of -22.90 and a beta of -0.36. The business’s 50-day simple moving average is GBX 12.60 and its 200 day simple moving average is GBX 12.35.

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.