Pantheon Resources (LON:PANR) Stock Price Down 12.1% – Time to Sell?

by · The Cerbat Gem

Pantheon Resources Plc (LON:PANR – Get Free Report) shares were down 12.1% during mid-day trading on Monday . The company 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.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pantheon Resources presently has a consensus rating of “Buy” and a consensus price target of GBX 66.

View Our Latest Stock Report on Pantheon Resources

Pantheon Resources Trading Up 3.0%

The company has a fifty day moving average of GBX 22.17 and a 200-day moving average of GBX 24.51. 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 market capitalization of £114.39 million, a price-to-earnings ratio of -8.49 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.

Featured Articles