Pantheon Resources (LON:PANR) Trading Down 12.1% – Time to Sell?

Pantheon Resources Plc (LON:PANR)’s stock price was down 12.1% on Monday . The company 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.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered 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 company presently has an average rating of “Buy” and a consensus target price of GBX 66.

Pantheon Resources Stock Down 12.1%

The company has a 50-day moving average of GBX 22.91 and a two-hundred day moving average of GBX 24.77. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. The company has a market capitalization of £111.99 million, a PE ratio of -8.31 and a beta of -0.36.

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.