Pantheon Resources’ (PANR) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Pantheon Resources (LON:PANR) in a research report sent to investors on Monday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 86 ($1.11) price objective on the stock.

Pantheon Resources Trading Up 4.1 %

Shares of PANR opened at GBX 70.87 ($0.91) on Monday. Pantheon Resources has a twelve month low of GBX 14.20 ($0.18) and a twelve month high of GBX 73 ($0.94). The stock has a market cap of £1.01 billion, a PE ratio of -66.12 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The business’s 50-day moving average price is GBX 58.55 and its 200-day moving average price is GBX 35.18.

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.