Pantheon Resources (LON:PANR) Trading Down 51.4% – Should You Sell?

Pantheon Resources Plc (LON:PANR)’s stock price was down 51.4% on Monday . The stock traded as low as GBX 7.70 and last traded at GBX 8.84. Approximately 300,392,844 shares traded hands during mid-day trading, an increase of 2,863% from the average daily volume of 10,136,873 shares. The stock had previously closed at GBX 18.20.

Wall Street Analysts Forecast Growth

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

Pantheon Resources Stock Down 51.7%

The firm has a 50-day moving average of GBX 24.66 and a two-hundred day moving average of GBX 25.39. 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 company has a market capitalization of £117.45 million, a PE ratio of -8.71 and a beta of -0.36.

About Pantheon Resources

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.