Pantheon Resources (LON:PANR) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Pantheon Resources Plc (LON:PANR)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 21.52 ($0.26) and traded as high as GBX 38 ($0.47). Pantheon Resources shares last traded at GBX 36.30 ($0.44), with a volume of 5,558,888 shares.

Pantheon Resources Trading Up 2.2 %

The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69. The stock’s fifty day moving average price is GBX 27.43 and its two-hundred day moving average price is GBX 21.52. The company has a market capitalization of £419.23 million, a PE ratio of -3,070.00 and a beta of -0.36.

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.