Pantheon Resources (LON:PANR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Pantheon Resources Plc (LON:PANR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 27.42 and traded as high as GBX 27.85. Pantheon Resources shares last traded at GBX 27.45, with a volume of 9,315,751 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 66.

Pantheon Resources Trading Down 0.4%

The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The firm has a fifty day moving average of GBX 26.92 and a 200 day moving average of GBX 27.42. The firm has a market capitalization of £365.06 million, a PE ratio of -27.08 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.