Pantheon Resources (LON:PANR) Stock Price Down 4.5% - Should You Sell?

Key Points

• Pantheon Resources' stock price fell by 4.5%, closing at GBX 26.25 ($0.36) after trading as low as GBX 25 ($0.34) during the day.
• Analysts from Canaccord Genuity Group have maintained a "speculative buy" rating with a target price of GBX 70, suggesting potential upside for investors.
• The company, focused on developing the Ahpun and Kodiak fields in Alaska, has over 1 billion barrels of certified contingent resources and aims for a market value of $5-$10 per barrel by the end of 2028.

Pantheon Resources Plc (LON:PANR - Get Free Report)'s stock price dropped 4.5% during trading on Friday . The company traded as low as GBX 25 ($0.34) and last traded at GBX 26.25 ($0.36). Approximately 54,416,500 shares changed hands during mid-day trading, an increase of 549% from the average daily volume of 8,384,792 shares. The stock had previously closed at GBX 27.50 ($0.37).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 70 target price on shares of Pantheon Resources in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pantheon Resources currently has a consensus rating of "Buy" and an average price target of GBX 70.

Pantheon Resources Price Performance

The stock's 50-day moving average price is GBX 25.94 and its 200 day moving average price is GBX 36.74. The firm has a market cap of £320.85 million, a price-to-earnings ratio of -2,564.36 and a beta of -0.36. The company has a quick ratio of 20.28, a current ratio of 0.79 and a debt-to-equity ratio of 7.35.

About Pantheon Resources

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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