Pantheon Resources Plc (LON:PANR) Insider Linda Havard Purchases 21,000 Shares

Pantheon Resources Plc (LON:PANR) insider Linda Havard bought 21,000 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £14,700 ($19,031.59).

Pantheon Resources Stock Down 8.3 %

Shares of PANR stock opened at GBX 64.80 ($0.84) on Friday. The stock has a 50 day moving average of GBX 59.11 and a 200-day moving average of GBX 35.52. The firm has a market cap of £925.52 million, a PE ratio of -60.46 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. Pantheon Resources Plc has a 12 month low of GBX 14.20 ($0.18) and a 12 month high of GBX 73 ($0.95).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 86 ($1.11) price objective on shares of Pantheon Resources in a research note on Monday.

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.