Pantheon Resources (LON:PANR) Stock Price Down 11.1% – Time to Sell?

Pantheon Resources Plc (LON:PANR) fell 11.1% during trading on Thursday. The stock traded as low as GBX 9.54 and last traded at GBX 9.54. 5,240,830 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 13,924,371 shares. The stock had previously closed at GBX 10.73.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 40 price objective on shares of Pantheon Resources in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Pantheon Resources presently has an average rating of “Buy” and an average price target of GBX 40.

Pantheon Resources Stock Performance

The company has a debt-to-equity ratio of 5.33, a quick ratio of 20.28 and a current ratio of 5.21. The company has a market cap of £139.08 million, a P/E ratio of -7.12 and a beta of -0.36. The firm has a 50 day moving average price of GBX 11.54 and a 200-day moving average price of GBX 12.61.

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.