Pantheon Resources (LON:PANR) Shares Down 19.8% – Here’s Why

Pantheon Resources Plc (LON:PANR)’s share price traded down 19.8% during trading on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. 73,807,742 shares were traded during mid-day trading, an increase of 749% from the average session volume of 8,696,668 shares. The stock had previously closed at GBX 25.30.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating on the stock in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 66.

Pantheon Resources Stock Performance

The firm has a market capitalization of £270.96 million, a PE ratio of -20.10 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. The business’s fifty day simple moving average is GBX 25.96 and its 200-day simple moving average is GBX 25.92.

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.