Pantheon Resources (LON:PANR) Sets New 52-Week High – Time to Buy?

Pantheon Resources Plc (LON:PANR)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 71.20 ($0.92) and last traded at GBX 70.87 ($0.92), with a volume of 4777420 shares. The stock had previously closed at GBX 67.80 ($0.88).

Pantheon Resources Stock Performance

The stock’s 50-day moving average price is GBX 51.60 and its 200-day moving average price is GBX 31.69. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35. The company has a market capitalization of £1.01 billion, a P/E ratio of -66.13 and a beta of -0.36.

About Pantheon Resources

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.