Pantheon Resources (LON:PANR) Shares Down 10.8% - Time to Sell?

Pantheon Resources Plc (LON:PANR - Get Free Report)'s share price was down 10.8% during mid-day trading on Monday . The stock traded as low as GBX 21.72 ($0.30) and last traded at GBX 21.95 ($0.30). Approximately 12,262,897 shares were traded during trading, an increase of 57% from the average daily volume of 7,796,390 shares. The stock had previously closed at GBX 24.60 ($0.33).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 74 ($1.01) price target on shares of Pantheon Resources in a research note on Monday, May 19th.

Pantheon Resources Trading Up 1.2%

The stock has a market capitalization of £312.79 million, a price-to-earnings ratio of -20.43 and a beta of -0.36. The company has a debt-to-equity ratio of 7.35, a current ratio of 0.79 and a quick ratio of 20.28. The business's 50-day simple moving average is GBX 28.28 and its two-hundred day simple moving average is GBX 42.60.

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.