Pantheon Resources (LON:PANR) Stock Price Down 11% – Time to Sell?

Pantheon Resources Plc (LON:PANR) shares fell 11% during mid-day trading on Thursday . The stock traded as low as GBX 9.94 and last traded at GBX 10.20. Approximately 16,938,268 shares traded hands during trading, an increase of 11% from the average daily volume of 15,234,948 shares. The stock had previously closed at GBX 11.46.

Pantheon Resources Stock Performance

The firm has a fifty day moving average of GBX 12.80 and a 200-day moving average of GBX 12.24. The company has a quick ratio of 20.28, a current ratio of 1.34 and a debt-to-equity ratio of 4.84. The firm has a market cap of £155.85 million, a P/E ratio of -23.24 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.