Pantheon Resources (LON:PANR) Trading 3.1% Higher – Time to Buy?

Pantheon Resources Plc (LON:PANR) shot up 3.1% during mid-day trading on Monday . The stock traded as high as GBX 18.24 ($0.24) and last traded at GBX 18.16 ($0.24). 3,715,667 shares changed hands during trading, a decline of 11% from the average session volume of 4,167,215 shares. The stock had previously closed at GBX 17.62 ($0.23).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on Pantheon Resources from GBX 90 ($1.17) to GBX 85 ($1.10) and set a “speculative buy” rating for the company in a report on Tuesday, August 6th.

Pantheon Resources Trading Up 9.0 %

The business’s 50 day simple moving average is GBX 16.82 and its two-hundred day simple moving average is GBX 23.43. The stock has a market cap of £217.01 million, a P/E ratio of -3,070.00 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69.

About Pantheon Resources

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.