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

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their target price on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating for the company in a research note on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 66.

Pantheon Resources Stock Performance

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 company has a market capitalization of £270.96 million, a price-to-earnings ratio of -20.10 and a beta of -0.36. The firm has a 50-day simple moving average of GBX 26.06 and a two-hundred day simple moving average of GBX 26.08.

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.