Pantheon Resources (LON:PANR) Stock Price Down 12.1% – Time to Sell?

Pantheon Resources Plc (LON:PANR) traded down 12.1% during trading on Monday . The company traded as low as GBX 8.39 and last traded at GBX 8.39. 26,150,145 shares were traded during mid-day trading, an increase of 170% from the average session volume of 9,689,750 shares. The stock had previously closed at GBX 9.54.

Analyst Upgrades and Downgrades

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

Pantheon Resources Trading Up 3.0%

The company has a market capitalization of £114.39 million, a price-to-earnings ratio of -8.49 and a beta of -0.36. The business has a fifty day moving average price of GBX 22.17 and a 200 day moving average price of GBX 24.51. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.

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.