Pantheon Resources (LON:PANR) Shares Up 7.3% – Here’s What Happened

Pantheon Resources Plc (LON:PANR) shares rose 7.3% during mid-day trading on Monday . The company traded as high as GBX 11.62 and last traded at GBX 11.38. Approximately 57,443,410 shares were traded during mid-day trading, an increase of 133% from the average daily volume of 24,605,168 shares. The stock had previously closed at GBX 10.60.

Pantheon Resources Trading Up 7.3%

The company has a quick ratio of 20.28, a current ratio of 1.24 and a debt-to-equity ratio of 10.46. The company’s 50-day moving average is GBX 7.83 and its 200-day moving average is GBX 18.07. The stock has a market capitalization of £165.43 million, a price-to-earnings ratio of -29.93 and a beta of -0.36.

Pantheon Resources Company Profile

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. The Company owns 100% working interest in c. 259,000 acres.

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of approximately $5 per barrel of recoverable resources by end 2028.