Pantheon Resources Plc (LON:PANR - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 28.97 ($0.39) and traded as low as GBX 25.65 ($0.34). Pantheon Resources shares last traded at GBX 26.10 ($0.35), with a volume of 6,107,232 shares.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group decreased their price objective on Pantheon Resources from GBX 70 to GBX 66 and set a "speculative buy" rating for the company in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 66.
Check Out Our Latest Report on PANR
Pantheon Resources Price Performance
The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35. The firm has a fifty day moving average price of GBX 27.30 and a two-hundred day moving average price of GBX 28.97. The stock has a market capitalization of £359.62 million, a P/E ratio of -26.68 and a beta of -0.36.
About Pantheon Resources
(
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Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing the Ahpun and Kodiak fields located on state land on the Alaska North Slope ("ANS"), onshore USA where, following issue of the new leases, it will have a 100% working interest in c. 259,000 acres. Certified contingent resources attributable to these projects exceeds 1 billion barrels of marketable liquids, located adjacent to Alaska's Trans Alaska Pipeline System ("TAPS").
Pantheon's stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028.
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