Pantheon Resources (LON:PANR) Trading Down 51.8% – Here’s Why

Pantheon Resources Plc (LON:PANR)’s stock price traded down 51.8% during trading on Monday . The stock traded as low as GBX 7.70 and last traded at GBX 8.77. 341,776,969 shares were traded during mid-day trading, an increase of 3,217% from the average session volume of 10,303,744 shares. The stock had previously closed at GBX 18.20.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price objective on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating for the company in a report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Pantheon Resources currently has an average rating of “Buy” and an average target price of GBX 66.

Pantheon Resources Price Performance

The business’s 50-day simple moving average is GBX 24.66 and its 200 day simple moving average is GBX 25.39. The company has a market capitalization of £115.73 million, a P/E ratio of -8.58 and a beta of -0.36. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35.

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. 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. The Company owns 100% working interest in c. 259,000 acres.

Pantheon’s stated objective is to demonstrate sustainable market recognition of a value of approximately $5 per barrel of recoverable resources by end 2028.