Pantheon Resources Plc (LON:PANR) Insider Purchases £14,700 in Stock

Pantheon Resources Plc (LON:PANR) insider Linda Havard acquired 21,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of GBX 70 ($0.90) per share, for a total transaction of £14,700 ($18,926.23).

Pantheon Resources Stock Down 5.5 %

Shares of LON:PANR opened at GBX 66.80 ($0.86) on Thursday. The firm has a 50 day simple moving average of GBX 58.55 and a 200 day simple moving average of GBX 35.18. The company has a market cap of £954.09 million, a PE ratio of -62.32 and a beta of -0.36. Pantheon Resources Plc has a 52 week low of GBX 14.20 ($0.18) and a 52 week high of GBX 73 ($0.94). The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 86 ($1.11) target price on shares of Pantheon Resources in a report on Monday.

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.