Pantheon Resources (LON:PANR) Stock Price Down 43.5% – Here’s Why

Shares of Pantheon Resources Plc (LON:PANR) traded down 43.5% during trading on Monday . The stock traded as low as GBX 7.70 and last traded at GBX 10.28. 381,960,125 shares traded hands during trading, an increase of 3,550% from the average session volume of 10,465,773 shares. The stock had previously closed at GBX 18.20.

Analyst Ratings Changes

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 report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 66.

Pantheon Resources Stock Performance

The business has a 50 day simple moving average of GBX 24.66 and a 200 day simple moving average of GBX 25.39. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The company has a market capitalization of £133.21 million, a PE ratio of -9.88 and a beta of -0.36.

Pantheon Resources Company Profile

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.