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

by · The Cerbat Gem

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 66.

Read Our Latest Analysis on PANR

Pantheon Resources Trading Down 19.8%

The firm has a fifty day moving average price of GBX 25.96 and a 200-day moving average price of GBX 25.92. The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The company has a market capitalization of £270.96 million, a price-to-earnings 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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