Pantheon Resources (LON:PANR) Stock Falls 7.4% – Should You Sell?

Pantheon Resources Plc (LON:PANR) traded down 7.4% during trading on Monday. The stock traded as low as GBX 8.27 and last traded at GBX 8.43. 28,361,295 shares traded hands during trading, an increase of 104% from the average daily volume of 13,931,649 shares. The stock had previously closed at GBX 9.10.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 40 price objective on shares of Pantheon Resources in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Pantheon Resources presently has an average rating of “Buy” and a consensus target price of GBX 40.

Pantheon Resources Price Performance

The company has a 50-day moving average of GBX 10.93 and a two-hundred day moving average of GBX 11.28. The company has a debt-to-equity ratio of 5.33, a current ratio of 5.21 and a quick ratio of 20.28. The stock has a market capitalization of £122.90 million, a PE ratio of -6.29 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.