Pantheon Resources (LON:PANR) Hits New 1-Year High – What’s Next?

Pantheon Resources Plc (LON:PANR) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 48 ($0.59) and last traded at GBX 46.65 ($0.58), with a volume of 31923656 shares traded. The stock had previously closed at GBX 39.20 ($0.48).

Pantheon Resources Price Performance

The company has a current ratio of 0.58, a quick ratio of 20.28 and a debt-to-equity ratio of 8.69. The company has a fifty day moving average price of GBX 28.22 and a two-hundred day moving average price of GBX 21.78. The firm has a market cap of £546.92 million, a P/E ratio of -3,070.00 and a beta of -0.36.

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.