Pantheon Resources Plc (LON:PANR - Get Free Report) traded down 36% on Monday . The company traded as low as GBX 22.62 ($0.30) and last traded at GBX 27.13 ($0.36). 40,380,520 shares were traded during trading, an increase of 402% from the average session volume of 8,038,307 shares. The stock had previously closed at GBX 42.40 ($0.56).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 86 ($1.14) target price on shares of Pantheon Resources in a research note on Monday, March 24th.
Read Our Latest Research Report on PANR
Pantheon Resources Trading Down 36.0%
The business's 50 day simple moving average is GBX 49.37 and its two-hundred day simple moving average is GBX 42.75. The stock has a market cap of £387.42 million, a P/E ratio of -25.31 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.
Insider Transactions at Pantheon Resources
In other news, insider Linda Havard bought 21,000 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of GBX 70 ($0.93) per share, for a total transaction of £14,700 ($19,547.87). 10.15% of the stock is owned by company insiders.
About Pantheon Resources
(
Get Free Report)
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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