Pantheon Resources (LON:PANR) Stock Price Down 19.8% – What’s Next?

Pantheon Resources Plc (LON:PANR)’s stock price was down 19.8% on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. Approximately 73,807,742 shares traded hands during mid-day trading, an increase of 749% from the average daily volume of 8,696,668 shares. The stock had previously closed at GBX 25.30.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their target price 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 66.

Pantheon Resources Trading Down 19.8%

The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35. The stock has a market capitalization of £270.96 million, a P/E ratio of -20.10 and a beta of -0.36. The company has a 50-day moving average price of GBX 26.06 and a 200 day moving average price of GBX 26.08.

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.