Pantheon Resources (LON:PANR) Trading Down 12.1% – Should You Sell?
by Jessica Moore · The Cerbat GemPantheon Resources Plc (LON:PANR – Get Free Report)’s stock price traded 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. 26,150,145 shares traded hands during mid-day trading, an increase of 170% from the average session volume of 9,689,750 shares. The stock had previously closed at GBX 9.54.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group decreased their price objective 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, the company presently has a consensus rating of “Buy” and an average price target of GBX 66.
View Our Latest Analysis on Pantheon Resources
Pantheon Resources Price Performance
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 50-day simple moving average of GBX 22.91 and a two-hundred day simple moving average of GBX 24.77. The stock has a market capitalization of £111.99 million, a price-to-earnings ratio of -8.31 and a beta of -0.36.
About Pantheon Resources
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.