Pantheon Resources (LON:PANR) Stock Price Down 23.2% – What’s Next?

Pantheon Resources Plc (LON:PANR) traded down 23.2% during trading on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 19.42. 83,945,281 shares traded hands during trading, an increase of 860% from the average session volume of 8,739,990 shares. The stock had previously closed at GBX 25.30.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price target 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 66.

Pantheon Resources Trading Down 4.2%

The stock has a market cap of £289.65 million, a P/E ratio of -21.49 and a beta of -0.36. The stock’s 50-day moving average is GBX 25.87 and its two-hundred day moving average is GBX 25.87. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28.

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.