Pantheon Resources (LON:PANR) Stock Price Up 3.1% - Should You Buy?

Pantheon Resources Plc (LON:PANR - Get Free Report)'s share price traded up 3.1% on Monday . The stock traded as high as GBX 18.24 ($0.24) and last traded at GBX 18.16 ($0.24). 3,715,667 shares traded hands during trading, a decline of 11% from the average session volume of 4,167,215 shares. The stock had previously closed at GBX 17.62 ($0.23).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their target price on shares of Pantheon Resources from GBX 90 ($1.17) to GBX 85 ($1.10) and set a "speculative buy" rating for the company in a research report on Tuesday, August 6th.

Pantheon Resources Stock Performance

The stock has a market capitalization of £233.35 million, a PE ratio of -3,070.00 and a beta of -0.36. The stock has a fifty day moving average of GBX 16.82 and a 200-day moving average of GBX 23.36. The company has a quick ratio of 20.28, a current ratio of 0.58 and a debt-to-equity ratio of 8.69.

About Pantheon Resources

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.