Pantheon Resources (LON:PANR) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Pantheon Resources Plc (LON:PANR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 42.80 ($0.58) and traded as low as GBX 22.95 ($0.31). Pantheon Resources shares last traded at GBX 24.75 ($0.34), with a volume of 14,015,568 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 74 ($1.00) price target on shares of Pantheon Resources in a research report on Monday, May 19th.

Pantheon Resources Trading Up 6.2%

The firm has a market capitalization of £375.32 million, a PE ratio of -24.52 and a beta of -0.36. The firm’s fifty day moving average is GBX 44.09 and its two-hundred day moving average is GBX 42.80. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.

Insider Buying and Selling

In other news, insider Linda Havard purchased 21,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of GBX 70 ($0.95) per share, for a total transaction of £14,700 ($19,945.73). 10.15% of the stock is owned by corporate insiders.

Pantheon Resources Company Profile

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing the Ahpun and Kodiak fields located on state land on the Alaska North Slope (“ANS”), onshore USA where, following issue of the new leases, it will have a 100% working interest in c. 259,000 acres. Certified contingent resources attributable to these projects exceeds 1 billion barrels of marketable liquids, located adjacent to Alaska’s Trans Alaska Pipeline System (“TAPS”).

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028.