Pantheon Resources (LON:PANR) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Pantheon Resources (LON:PANR) in a research note published on Monday, MarketBeat reports. The firm currently has a GBX 86 ($1.11) price objective on the stock.

Pantheon Resources Stock Performance

Shares of Pantheon Resources stock opened at GBX 64.80 ($0.84) on Monday. The company’s 50 day moving average price is GBX 57.23 and its two-hundred day moving average price is GBX 34.45. The firm has a market capitalization of £925.52 million, a P/E ratio of -60.46 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. Pantheon Resources has a fifty-two week low of GBX 14.20 ($0.18) and a fifty-two week high of GBX 71.90 ($0.93).

About Pantheon Resources

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.