Pantheon Resources (LON:PANR) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Pantheon Resources Plc (LON:PANR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 12.88 and traded as high as GBX 16.99. Pantheon Resources shares last traded at GBX 16.60, with a volume of 18,145,605 shares traded.

Pantheon Resources Price Performance

The company has a 50 day simple moving average of GBX 11.29 and a 200-day simple moving average of GBX 12.88. The stock has a market cap of £242.01 million, a price-to-earnings ratio of -36.09 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 1.34 and a debt-to-equity ratio of 4.84.

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.