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

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

Wall Street Analyst Weigh In

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

Pantheon Resources Trading Down 19.8%

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 stock has a fifty day moving average of GBX 25.96 and a 200 day moving average of GBX 25.92. The company has a market capitalization of £270.96 million, a PE ratio of -20.10 and a beta of -0.36.

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.