Pantheon Resources (LON:PANR) Shares Pass Below 200 Day Moving Average - Here's Why

Pantheon Resources Plc (LON:PANR - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 42.80 ($0.58) and traded as low as GBX 22.95 ($0.31). Pantheon Resources shares last traded at GBX 24.75 ($0.33), with a volume of 14,015,568 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 74 ($1.00) target price on shares of Pantheon Resources in a research note on Monday, May 19th.

Pantheon Resources Stock Down 6.2%

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 stock has a market cap of £375.64 million, a PE ratio of -24.54 and a beta of -0.36. The business has a 50 day moving average price of GBX 40.92 and a 200 day moving average price of GBX 42.71.

Insider Transactions at Pantheon Resources

In other Pantheon Resources news, insider Linda Havard purchased 21,000 shares of the stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of GBX 70 ($0.94) per share, for a total transaction of £14,700 ($19,779.33). Company insiders own 10.15% of the company's stock.

Pantheon Resources Company Profile

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.