Pantheon Resources Plc (LON:PANR - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 38.23 ($0.51) and traded as low as GBX 29.06 ($0.39). Pantheon Resources shares last traded at GBX 29.75 ($0.40), with a volume of 2,770,786 shares.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 74 price objective on shares of Pantheon Resources in a report on Monday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 74.
Read Our Latest Report on Pantheon Resources
Pantheon Resources Stock Up 0.5%
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 has a market capitalization of £358.01 million, a PE ratio of -2,861.39 and a beta of -0.36. The company's 50 day simple moving average is GBX 25.39 and its 200-day simple moving average is GBX 37.96.
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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