Pantheon Resources (LON:PANR) Shares Down 24.2% – Time to Sell?

Pantheon Resources Plc (LON:PANR) was down 24.2% during mid-day trading on Tuesday . The stock traded as low as GBX 18.12 and last traded at GBX 19.18. Approximately 79,994,867 shares were traded during trading, an increase of 817% from the average daily volume of 8,723,108 shares. The stock had previously closed at GBX 25.30.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 66.

Pantheon Resources Trading Down 24.2%

The firm has a market capitalization of £255.94 million, a P/E ratio of -18.99 and a beta of -0.36. The stock’s 50-day simple moving average is GBX 26.06 and its two-hundred day simple moving average is GBX 26.08. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.

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.