Pantheon Resources (LON:PANR) Trading Down 10.4% – Time to Sell?

Pantheon Resources Plc (LON:PANR)’s stock price was down 10.4% on Thursday . The company traded as low as GBX 6.70 and last traded at GBX 7.03. Approximately 62,909,969 shares traded hands during trading, an increase of 260% from the average daily volume of 17,474,469 shares. The stock had previously closed at GBX 7.85.

Analyst Ratings Changes

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

Pantheon Resources Stock Performance

The stock has a market capitalization of £94.58 million, a PE ratio of -18.46 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The firm has a 50 day moving average of GBX 17.88 and a 200-day moving average of GBX 23.12.

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.