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

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price target on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating on the stock in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 66.

Pantheon Resources Stock Down 51.7%

The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. The stock’s fifty day simple moving average is GBX 24.66 and its 200-day simple moving average is GBX 25.39. The stock has a market cap of £117.45 million, a P/E ratio of -8.71 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.