Pantheon Resources (LON:PANR) Stock Price Down 11.9% – Here’s What Happened

Shares of Pantheon Resources Plc (LON:PANR) traded down 11.9% during trading on Wednesday . The stock traded as low as GBX 16.14 and last traded at GBX 16.30. 28,765,113 shares changed hands during trading, an increase of 41% from the average session volume of 20,446,846 shares. The stock had previously closed at GBX 18.50.

Pantheon Resources Trading Down 1.9%

The stock has a market cap of £200.90 million, a PE ratio of -29.96 and a beta of -0.36. The company has a debt-to-equity ratio of 4.84, a quick ratio of 20.28 and a current ratio of 1.34. The company’s 50-day moving average price is GBX 11.71 and its 200 day moving average price is GBX 12.49.

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.