Pantheon Resources (LON:PANR) Shares Down 9.6% – Time to Sell?

Shares of Pantheon Resources Plc (LON:PANR) dropped 9.6% on Wednesday . The stock traded as low as GBX 22.50 and last traded at GBX 22.83. Approximately 17,338,490 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 8,311,673 shares. The stock had previously closed at GBX 25.25.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered 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 report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 66.

Pantheon Resources Trading Down 1.0%

The business has a 50-day moving average of GBX 26.59 and a 200 day moving average of GBX 27.12. The stock has a market cap of £333.70 million, a PE ratio of -24.75 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79.

Pantheon Resources Company Profile

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.