Pantheon Resources (LON:PANR) Stock Price Down 19.8% – Here’s What Happened

by · The Cerbat Gem

Shares of Pantheon Resources Plc (LON:PANR – Get Free Report) traded down 19.8% on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. 73,807,742 shares traded 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.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pantheon Resources currently has an average rating of “Buy” and a consensus target price of GBX 66.

View Our Latest Stock Analysis on Pantheon Resources

Pantheon Resources Price Performance

The firm has a market cap of £270.96 million, a P/E ratio of -20.10 and a beta of -0.36. 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 firm’s 50 day moving average is GBX 25.96 and its 200 day moving average is GBX 25.92.

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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