Canaccord Genuity Group Reaffirms Speculative Buy Rating for Pantheon Resources (LON:PANR)

Canaccord Genuity Group reissued their speculative buy rating on shares of Pantheon Resources (LON:PANR) in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage 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 has a market cap of £925.52 million, a P/E ratio of -60.46 and a beta of -0.36. Pantheon Resources has a 1-year low of GBX 14.20 ($0.18) and a 1-year high of GBX 71.90 ($0.93). The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35. The business has a 50-day moving average price of GBX 57.23 and a two-hundred day moving average price of GBX 34.45.

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.