Pantheon Resources (LON:PANR) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Pantheon Resources Plc (LON:PANR - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 22.81 ($0.30) and traded as low as GBX 22.80 ($0.30). Pantheon Resources shares last traded at GBX 23 ($0.30), with a volume of 8,078,067 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price target on shares of Pantheon Resources from GBX 90 ($1.17) to GBX 85 ($1.11) and set a "speculative buy" rating for the company in a research note on Tuesday, August 6th.

Pantheon Resources Stock Performance

The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69. The firm has a market capitalization of £263.86 million, a PE ratio of -3,070.00 and a beta of -0.36. The firm's 50-day moving average price is GBX 17.24 and its two-hundred day moving average price is GBX 22.81.

Pantheon Resources Company Profile

Pantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Alkaid project that covers that covers 40,000 acres located in Alaska; and the Kodiak project covering an area of approximately 124,000 acres located in Alaska.