Pantheon Resources (LON:PANR) Shares Down 19.8% – Time to Sell?

Pantheon Resources Plc (LON:PANR) dropped 19.8% during mid-day trading on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. Approximately 73,807,477 shares traded hands during trading, an increase of 749% from the average daily volume of 8,696,666 shares. The stock had previously closed at GBX 25.30.

Wall Street Analyst Weigh In

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

Pantheon Resources Trading Down 4.2%

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 business’s 50 day moving average price is GBX 25.87 and its 200-day moving average price is GBX 25.87. The firm has a market cap of £289.65 million, a price-to-earnings ratio of -21.49 and a beta of -0.36.

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.