Pantheon Resources (LON:PANR) Stock Price Down 7.3% - Here's What Happened

Pantheon Resources Plc (LON:PANR - Get Free Report)'s share price fell 7.3% on Tuesday . The stock traded as low as GBX 33.10 ($0.44) and last traded at GBX 34.35 ($0.46). 9,522,263 shares changed hands during trading, an increase of 12% from the average session volume of 8,484,271 shares. The stock had previously closed at GBX 37.05 ($0.49).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 86 ($1.14) price objective on shares of Pantheon Resources in a research note on Monday, March 24th.

Pantheon Resources Stock Performance

The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The firm's fifty day moving average price is GBX 57.24 and its 200 day moving average price is GBX 40.81. The firm has a market cap of £483.47 million, a P/E ratio of -31.58 and a beta of -0.36.

Insider Activity

In other Pantheon Resources news, insider Linda Havard acquired 21,000 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average price of GBX 70 ($0.93) per share, for a total transaction of £14,700 ($19,550.47). 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.