Pantheon Resources (LON:PANR) Trading Down 50.5% – Time to Sell?

Pantheon Resources Plc (LON:PANR) was down 50.5% during mid-day trading on Monday . The stock traded as low as GBX 7.69 and last traded at GBX 9. Approximately 433,062,656 shares were traded during mid-day trading, an increase of 3,958% from the average daily volume of 10,671,832 shares. The stock had previously closed at GBX 18.20.

Wall Street Analyst Weigh In

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

Pantheon Resources Price Performance

The company has a market cap of £127.34 million, a P/E ratio of -9.45 and a beta of -0.36. 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 stock has a fifty day moving average price of GBX 23.62 and a two-hundred day moving average price of GBX 25.05.

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.