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

Pantheon Resources Plc (LON:PANR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 restated a “speculative buy” rating and issued a GBX 85 ($1.06) price target on shares of Pantheon Resources in a report on Tuesday, April 9th.

Pantheon Resources Stock Performance

The stock has a market capitalization of £306.40 million, a P/E ratio of -3,280.00 and a beta of -0.29. The stock has a 50 day moving average of GBX 28.85 and a 200 day moving average of GBX 26.19. The company has a debt-to-equity ratio of 8.69, a quick ratio of 20.28 and a current ratio of 0.58.

Insider Buying and Selling

In related news, insider David Hobbs acquired 980,455 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average cost of GBX 21 ($0.26) per share, for a total transaction of £205,895.55 ($256,312.15). 10.80% of the stock is owned by company insiders.

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.