Pantheon Resources (LON:PANR) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Pantheon Resources Plc (LON:PANR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 39.40 ($0.52) and traded as high as GBX 54.40 ($0.71). Pantheon Resources shares last traded at GBX 52.20 ($0.68), with a volume of 6,422,065 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 86 ($1.13) price target on shares of Pantheon Resources in a report on Monday, March 24th.

Pantheon Resources Stock Down 0.9 %

The company’s fifty day simple moving average is GBX 62.12 and its 200 day simple moving average is GBX 39.40. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The firm has a market capitalization of £745.56 million, a PE ratio of -48.70 and a beta of -0.36.

Insider Activity at Pantheon Resources

In other Pantheon Resources news, insider Linda Havard acquired 21,000 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were acquired at an average price of GBX 70 ($0.92) per share, for a total transaction of £14,700 ($19,240.84). 10.15% of the stock is currently owned by corporate insiders.

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.