Pantheon Resources (LON:PANR) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Pantheon Resources Plc (LON:PANR - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 42.72 ($0.57) and traded as low as GBX 21.65 ($0.29). Pantheon Resources shares last traded at GBX 22.15 ($0.30), with a volume of 9,272,789 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 74 ($0.99) price objective on shares of Pantheon Resources in a report on Monday, May 19th.

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's 50 day simple moving average is GBX 27.10 and its 200 day simple moving average is GBX 42.44. The company has a market capitalization of £334.22 million, a PE ratio of -21.83 and a beta of -0.36.

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.