Pantheon Resources (LON:PANR) Shares Pass Above 200-Day Moving Average of $26.15

Pantheon Resources Plc (LON:PANR)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 26.15 ($0.33) and traded as high as GBX 35.10 ($0.44). Pantheon Resources shares last traded at GBX 33.75 ($0.42), with a volume of 4,347,067 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 85 ($1.06) price objective on shares of Pantheon Resources in a research note on Tuesday, April 9th.

Pantheon Resources Trading Down 1.1 %

The company has a debt-to-equity ratio of 8.69, a current ratio of 0.58 and a quick ratio of 20.28. The company has a market cap of £306.40 million, a price-to-earnings ratio of -3,280.00 and a beta of -0.29. The business has a 50 day simple moving average of GBX 28.85 and a 200 day simple moving average of GBX 26.19.

Insiders Place Their Bets

In other news, insider David Hobbs bought 980,455 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average price of GBX 21 ($0.26) per share, for a total transaction of £205,895.55 ($256,312.15). Insiders own 10.80% of the company’s stock.

Pantheon Resources Company Profile

Pantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Alkaid project that covers that covers 40,000 acres located in Alaska; and the Kodiak project covering an area of approximately 124,000 acres located in Alaska.