Pantheon Resources (LON:PANR) Stock Price Down 19.8% – Time to Sell?

by · The Cerbat Gem

Pantheon Resources Plc (LON:PANR – Get Free Report)’s share price was down 19.8% during trading on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. Approximately 73,807,742 shares changed hands during mid-day trading, an increase of 749% from the average daily volume of 8,696,668 shares. The stock had previously closed at GBX 25.30.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their price target on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pantheon Resources presently has an average rating of “Buy” and an average target price of GBX 66.

Read Our Latest Stock Analysis on Pantheon Resources

Pantheon Resources Stock Performance

The business has a 50-day moving average of GBX 25.96 and a 200 day moving average of GBX 25.92. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. The company has a market cap of £270.96 million, a PE ratio of -20.10 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.

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