Pantheon Resources (LON:PANR) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Pantheon Resources Plc (LON:PANR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 21.52 ($0.26) and traded as high as GBX 38 ($0.46). Pantheon Resources shares last traded at GBX 36.30 ($0.44), with a volume of 5,558,888 shares changing hands.

Pantheon Resources Stock Performance

The stock’s 50-day simple moving average is GBX 28 and its 200-day simple moving average is GBX 21.68. The stock has a market cap of £416.41 million, a price-to-earnings ratio of -3,070.00 and a beta of -0.36. The company has a current ratio of 0.58, a quick ratio of 20.28 and a debt-to-equity ratio of 8.69.

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.