Pantheon Resources (LON:PANR) Shares Down 12.1% – Here’s What Happened

Pantheon Resources Plc (LON:PANR) was down 12.1% on Tuesday . The stock traded as low as GBX 8.39 and last traded at GBX 8.39. Approximately 26,150,145 shares changed hands during trading, an increase of 170% from the average daily volume of 9,689,750 shares. The stock had previously closed at GBX 9.54.

Trending Headlines about Pantheon Resources

Here are the key news stories impacting Pantheon Resources this week:

• Positive Sentiment: Summarize items that could lift the stock and explain why (operations, financing, asset news, regulatory wins).
• Neutral Sentiment: Summarize neutral/uncertain items (commentary, routine filings) and note potential effects.
• Negative Sentiment: Summarize items that could pressure the stock and explain why (drilling failures, dilution, legal or financing concerns).

Wall Street Analyst Weigh In

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

Pantheon Resources Price Performance

The firm has a market capitalization of £121.34 million, a PE ratio of -9.00 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. The company has a fifty day moving average price of GBX 22.56 and a two-hundred day moving average price of GBX 24.64.

Pantheon Resources Company Profile

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.