Pantheon Resources (LON:PANR) Trading Down 11.5% – Time to Sell?

Pantheon Resources Plc (LON:PANRGet Free Report) traded down 11.5% during mid-day trading on Monday . The company traded as low as GBX 8.41 and last traded at GBX 8.44. 23,937,740 shares traded hands during mid-day trading, an increase of 147% from the average session volume of 9,680,936 shares. The stock had previously closed at GBX 9.54.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on PANR

Pantheon Resources Trading Down 12.1%

The company’s 50-day simple moving average is GBX 22.91 and its 200 day simple moving average is GBX 24.77. 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 firm has a market capitalization of £111.99 million, a PE ratio of -8.31 and a beta of -0.36.

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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