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

Pantheon Resources Plc (LON:PANRGet Free Report)’s share price dropped 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 were traded 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 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, Pantheon Resources presently has an average rating of “Buy” and a consensus price target of GBX 66.

Read Our Latest Research Report on PANR

Pantheon Resources Price Performance

The firm 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 market cap of £111.99 million, a PE ratio of -8.31 and a beta of -0.36. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35.

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.

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