Pantheon Resources (LON:PANR) Shares Down 7.4% – What’s Next?

Pantheon Resources Plc (LON:PANR)’s stock price fell 7.4% during trading on Monday. The company traded as low as GBX 8.27 and last traded at GBX 8.43. Approximately 28,361,295 shares were traded during trading, an increase of 104% from the average session volume of 13,931,649 shares. The stock had previously closed at GBX 9.10.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 40 target price on shares of Pantheon Resources in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 40.

Pantheon Resources Trading Down 3.3%

The company has a 50 day moving average of GBX 10.70 and a 200 day moving average of GBX 11.29. The firm has a market cap of £118.24 million, a price-to-earnings ratio of -6.05 and a beta of -0.36. The company has a current ratio of 5.21, a quick ratio of 20.28 and a debt-to-equity ratio of 5.33.

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.