Pantheon Resources (LON:PANR) Shares Down 12.1% – Should You Sell?

Pantheon Resources Plc (LON:PANRGet Free Report)’s share price dropped 12.1% on Monday . The stock traded as low as GBX 8.39 and last traded at GBX 8.39. Approximately 26,150,145 shares traded hands during mid-day trading, an increase of 170% from the average daily volume of 9,689,750 shares. The stock had previously closed at GBX 9.54.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their target price 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pantheon Resources presently has a consensus rating of “Buy” and a consensus price target of GBX 66.

Get Our Latest Stock Analysis on Pantheon Resources

Pantheon Resources Price Performance

The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The company’s 50-day moving average is GBX 22.91 and its 200-day moving average is GBX 24.77. The stock has a market cap of £111.99 million, a price-to-earnings ratio of -8.31 and a beta of -0.36.

Pantheon Resources Company Profile

(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.

Further Reading

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