Insider Buying: Pantheon Resources Plc (LON:PANR) Insider Buys £14,700 in Stock

Pantheon Resources Plc (LON:PANR) insider Linda Havard purchased 21,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average cost of GBX 70 ($0.91) per share, for a total transaction of £14,700 ($19,026.66).

Pantheon Resources Price Performance

Shares of LON PANR opened at GBX 70.40 ($0.91) on Friday. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35. The stock has a fifty day simple moving average of GBX 59.78 and a two-hundred day simple moving average of GBX 35.90. Pantheon Resources Plc has a 1-year low of GBX 14.20 ($0.18) and a 1-year high of GBX 73 ($0.94). The firm has a market cap of £1.01 billion, a price-to-earnings ratio of -65.68 and a beta of -0.36.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 86 ($1.11) price objective on shares of Pantheon Resources in a research report on Monday, March 24th.

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.