Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Pantheon Resources (LON:PANR)

Pantheon Resources (LON:PANR)‘s stock had its “speculative buy” rating reaffirmed by Canaccord Genuity Group in a research report issued to clients and investors on Monday,London Stock Exchange reports. They presently have a GBX 86 ($1.11) price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 30.11% from the company’s previous close.

Pantheon Resources Stock Performance

Shares of Pantheon Resources stock traded up GBX 0.30 ($0.00) on Monday, hitting GBX 66.10 ($0.85). The stock had a trading volume of 2,068,496 shares, compared to its average volume of 6,887,344. The company’s 50 day moving average price is GBX 56.66 and its 200 day moving average price is GBX 34.11. The stock has a market cap of £944.09 million, a price-to-earnings ratio of -61.67 and a beta of -0.36. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35. Pantheon Resources has a 52-week low of GBX 14.20 ($0.18) and a 52-week high of GBX 71.90 ($0.93).

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.