Pantheon Resources (LON:PANR) Stock Price Down 50.5% – Time to Sell?

Pantheon Resources Plc (LON:PANR) shares traded down 50.5% during trading on Monday . The stock traded as low as GBX 7.69 and last traded at GBX 9. 433,062,656 shares were traded during trading, an increase of 3,958% from the average session volume of 10,671,832 shares. The stock had previously closed at GBX 18.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased 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 research report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 66.

Pantheon Resources Stock Performance

The stock has a market cap of £127.34 million, a PE ratio of -9.45 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The stock has a fifty day moving average of GBX 23.62 and a 200-day moving average of GBX 25.05.

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.