Pantheon Resources (LON:PANR) Trading Down 19.8% – Should You Sell?

Pantheon Resources Plc (LON:PANR)’s share price dropped 19.8% during trading on Tuesday . The stock traded as low as GBX 18.12 and last traded at GBX 20.30. Approximately 73,807,477 shares changed hands during mid-day trading, an increase of 749% from the average daily volume of 8,696,666 shares. The stock had previously closed at GBX 25.30.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 66.

Pantheon Resources Stock Performance

The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The stock has a market capitalization of £270.96 million, a PE ratio of -20.10 and a beta of -0.36. The firm has a 50 day moving average price of GBX 26.06 and a 200-day moving average price of GBX 26.08.

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.