Pantheon Resources (LON:PANR) Trading Down 10.8% – What’s Next?

Pantheon Resources Plc (LON:PANR)’s share price traded down 10.8% during mid-day trading on Monday . The stock traded as low as GBX 21.72 ($0.30) and last traded at GBX 21.95 ($0.30). 12,262,897 shares were traded during trading, an increase of 57% from the average session volume of 7,796,390 shares. The stock had previously closed at GBX 24.60 ($0.34).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 74 ($1.01) target price on shares of Pantheon Resources in a report on Monday, May 19th.

Pantheon Resources Trading Down 10.8%

The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The company’s fifty day simple moving average is GBX 29.06 and its 200-day simple moving average is GBX 42.93. The company has a market capitalization of £313.52 million, a P/E ratio of -20.48 and a beta of -0.36.

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.