Pantheon Resources (LON:PANR) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Pantheon Resources Plc (LON:PANR)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 21.06 and traded as low as GBX 7.60. Pantheon Resources shares last traded at GBX 7.90, with a volume of 6,918,893 shares trading hands.

Pantheon Resources Price Performance

The stock’s fifty day moving average is GBX 11.15 and its 200-day moving average is GBX 21.06. The stock has a market capitalization of £114.89 million, a PE ratio of -20.79 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.

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.