Pantheon Resources (LON:PANR) Insider Acquires 2,120,742 Shares

Key Points

  • Insider buying: Michael Spencer, of Alresford, bought 2,120,742 shares of Pantheon Resources on June 2 at an average price of GBX 14, spending about £296,903.88.
  • Stock snapshot: Pantheon Resources last traded at GBX 17.72, with a 12-month range of GBX 6.70 to GBX 33.26 and a market value of about £258.34 million.
  • Company focus: Pantheon Resources is developing its Ahpun and Kodiak oil and gas fields in Alaska, with independently certified contingent resources of roughly 1.6 billion barrels of crude and 6.6 Tcf of natural gas.

Pantheon Resources Plc (LON:PANR - Get Free Report) insider Spencer of Alresford (Michael Spencer) purchased 2,120,742 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of GBX 14 per share, with a total value of £296,903.88.

Pantheon Resources Stock Performance

Pantheon Resources stock opened at GBX 17.72 on Friday. Pantheon Resources Plc has a 12-month low of GBX 6.70 and a 12-month high of GBX 33.26. The company has a debt-to-equity ratio of 4.84, a current ratio of 1.34 and a quick ratio of 20.28. The company has a market capitalization of £258.34 million, a price-to-earnings ratio of -38.52 and a beta of -0.36. The firm's fifty day moving average price is GBX 12.26 and its 200 day moving average price is GBX 12.14.

About Pantheon Resources

(Get Free Report)

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. The Company owns 100% working interest in c. 259,000 acres. Pantheon's stated objective is to demonstrate sustainable market recognition of a value of approximately $5 per barrel of recoverable resources by end 2028.

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