Pantheon Resources (LON:PANR) Stock Price Down 24.2% – Should You Sell?

Pantheon Resources Plc (LON:PANR)’s stock price was down 24.2% during trading on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

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

Pantheon Resources Stock Performance

The firm’s fifty day simple moving average is GBX 26.06 and its 200 day simple moving average is GBX 26.08. The company has a market capitalization of £255.94 million, a PE ratio of -18.99 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.

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.