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

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their price objective on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating on the stock in a research report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pantheon Resources presently has an average rating of “Buy” and a consensus price target of GBX 66.

Pantheon Resources Stock Down 12.1%

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 has a market capitalization of £111.99 million, a PE ratio of -8.31 and a beta of -0.36. The company’s 50 day moving average is GBX 22.91 and its two-hundred day moving average is GBX 24.77.

About Pantheon Resources

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.