Pantheon Resources (LON:PANR) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Pantheon Resources Plc (LON:PANR)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 24.46 ($0.31) and traded as high as GBX 30.74 ($0.38). Pantheon Resources shares last traded at GBX 29.75 ($0.37), with a volume of 5,197,468 shares.

Pantheon Resources Trading Up 1.0 %

The stock has a market capitalization of £339.57 million, a PE ratio of -3,070.00 and a beta of -0.36. The stock’s 50 day moving average price is GBX 24.73 and its 200-day moving average price is GBX 21.15. The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69.

Pantheon Resources Company Profile

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing the Ahpun and Kodiak fields located on state land on the Alaska North Slope (“ANS”), onshore USA where, following issue of the new leases, it will have a 100% working interest in c. 259,000 acres. Certified contingent resources attributable to these projects exceeds 1 billion barrels of marketable liquids, located adjacent to Alaska’s Trans Alaska Pipeline System (“TAPS”).

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028.