Pantheon Resources (LON:PANR) Stock Price Down 4.5% – Time to Sell?

Pantheon Resources Plc (LON:PANR) was down 4.5% during trading on Friday . The stock traded as low as GBX 25 ($0.34) and last traded at GBX 26.25 ($0.36). Approximately 54,416,500 shares were traded during mid-day trading, an increase of 549% from the average daily volume of 8,384,792 shares. The stock had previously closed at GBX 27.50 ($0.37).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 70 target price on shares of Pantheon Resources in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 70.

Pantheon Resources Stock Down 1.5%

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 cap of £320.23 million, a P/E ratio of -2,559.41 and a beta of -0.36. The company has a 50-day simple moving average of GBX 25.98 and a two-hundred day simple moving average of GBX 36.33.

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.