Pantheon Resources (LON:PANR) Shares Down 46.1% – Should You Sell?

Pantheon Resources Plc (LON:PANR)’s stock price traded down 46.1% on Monday . The company traded as low as GBX 7.70 and last traded at GBX 9.81. 392,542,000 shares were traded during trading, an increase of 3,635% from the average session volume of 10,508,442 shares. The stock had previously closed at GBX 18.20.

Key Headlines Impacting Pantheon Resources

Here are the key news stories impacting Pantheon Resources this week:

• Neutral Sentiment: Market context: the sell?off was accompanied by very high volume, signalling heightened investor attention and liquidity — this can amplify moves in either direction and increase short?term volatility.
• Negative Sentiment: The article focuses on the large decline (reported ~51.4%) and frames the situation as a near?term negative event for holders; it raises the question of whether to sell and highlights downside pressure on the stock. Pantheon Resources (LON:PANR) Trading Down 51.4% – Should You Sell?

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered 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, Based on data from MarketBeat.com, Pantheon Resources has a consensus rating of “Buy” and a consensus target price of GBX 66.

Pantheon Resources Stock Down 1.3%

The firm has a market cap of £125.71 million, a price-to-earnings ratio of -9.32 and a beta of -0.36. The firm has a fifty day moving average price of GBX 23.98 and a 200-day moving average price of GBX 25.16. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35.

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.