Pantheon Resources (LON:PANR) Stock Price Down 19.8% – Time to Sell?

Pantheon Resources Plc (LON:PANR) dropped 19.8% during trading on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. Approximately 73,807,742 shares were traded during trading, an increase of 749% from the average daily volume of 8,696,668 shares. The stock had previously closed at GBX 25.30.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price target on shares of Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating for the company in a report on Thursday, September 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 66.

Pantheon Resources Stock Performance

The business has a 50-day moving average of GBX 26.06 and a two-hundred day moving average of GBX 26.08. The company has a market cap of £270.96 million, a P/E ratio of -20.10 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 Company Profile

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.