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

by · The Markets Daily

Pantheon Resources Plc (LON:PANR – Get Free Report)’s share price traded down 12.1% on Monday . The company traded as low as GBX 8.39 and last traded at GBX 8.39. 26,150,145 shares changed hands during trading, an increase of 170% from the average session volume of 9,689,750 shares. The stock had previously closed at GBX 9.54.

Analyst Ratings Changes

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

Get Our Latest Stock Report on Pantheon Resources

Pantheon Resources Stock Up 3.0%

The company has a market cap of £114.39 million, a price-to-earnings ratio of -8.49 and a beta of -0.36. The stock has a 50-day simple moving average of GBX 22.17 and a 200-day simple 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.

About Pantheon Resources

(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.

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