Pantheon Resources (LON:PANR) Shares Down 21.8% – Time to Sell?

Shares of Pantheon Resources Plc (LON:PANR) traded down 21.8% during trading on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 19.77. 69,795,992 shares changed hands during trading, an increase of 704% from the average session volume of 8,679,523 shares. The stock had previously closed at GBX 25.30.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their target price on shares of 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 66.

Pantheon Resources Stock Down 22.5%

The business has a fifty day moving average price of GBX 26.06 and a two-hundred day moving average price of GBX 26.08. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35. The company has a market cap of £261.56 million, a price-to-earnings ratio of -19.40 and a beta of -0.36.

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.