Pantheon Resources (LON:PANR) Stock Price Down 49.2% – Here’s Why

Pantheon Resources Plc (LON:PANR) shares fell 49.2% on Monday . The stock traded as low as GBX 7.70 and last traded at GBX 9.24. 366,992,875 shares changed hands during trading, an increase of 3,427% from the average session volume of 10,405,422 shares. The stock had previously closed at GBX 18.20.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 66.

Pantheon Resources Stock Performance

The stock has a market capitalization of £125.44 million, a P/E ratio of -9.30 and a beta of -0.36. The company’s 50-day moving average is GBX 24.66 and its two-hundred day moving average is GBX 25.39. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35.

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.