Pantheon Resources (LON:PANR) Sets New 12-Month High – What’s Next?

Pantheon Resources Plc (LON:PANR)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 59.80 ($0.74) and last traded at GBX 59.06 ($0.74), with a volume of 4326804 shares. The stock had previously closed at GBX 56 ($0.70).

Pantheon Resources Price Performance

The stock has a market cap of £649.98 million, a PE ratio of -3,070.00 and a beta of -0.36. The company has a debt-to-equity ratio of 8.69, a quick ratio of 20.28 and a current ratio of 0.58. The business has a 50 day moving average price of GBX 35.94 and a two-hundred day moving average price of GBX 24.89.

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.