Pantheon Resources (LON:PANR) Stock Price Down 46.1% – Time to Sell?

Pantheon Resources Plc (LON:PANR)’s share price was down 46.1% during mid-day trading on Monday . The stock traded as low as GBX 7.70 and last traded at GBX 9.81. Approximately 392,542,000 shares were traded during trading, an increase of 3,635% from the average daily volume of 10,508,442 shares. The stock had previously closed at GBX 18.20.

Wall Street Analysts Forecast Growth

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

Pantheon Resources Stock Performance

The company’s fifty day moving average price is GBX 24.66 and its two-hundred day moving average price is GBX 25.39. 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 market capitalization of £127.20 million, a PE ratio of -9.44 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. 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.