Pantheon Resources (LON:PANR) Reaches New 52-Week High – Should You Buy?

Pantheon Resources Plc (LON:PANR)’s share price hit a new 52-week high 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 changing hands. The stock had previously closed at GBX 39.20 ($0.48).

Pantheon Resources Stock Up 3.7 %

The company has a market cap of £545.23 million, a PE ratio of -3,070.00 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69. The company’s fifty day moving average is GBX 28.93 and its 200-day moving average is GBX 22.07.

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.