Pantheon Resources (LON:PANR) Trading 8.6% Higher – Here’s What Happened

Pantheon Resources Plc (LON:PANR)’s stock price shot up 8.6% during trading on Monday . The stock traded as high as GBX 12.92 and last traded at GBX 11.66. Approximately 25,864,674 shares changed hands during mid-day trading, an increase of 69% from the average session volume of 15,291,217 shares. The stock had previously closed at GBX 10.74.

Pantheon Resources Stock Up 8.6%

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 cap of £169.99 million, a price-to-earnings ratio of -25.35 and a beta of -0.36. The business’s 50 day moving average is GBX 12.80 and its 200 day moving average is GBX 12.28.

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.