Pantheon Resources Plc (LON:PANR - Get Free Report)'s stock price fell 51.5% during trading on Monday . The company traded as low as GBX 25.20 ($0.33) and last traded at GBX 25.33 ($0.34). 86,196,430 shares changed hands during mid-day trading, an increase of 908% from the average session volume of 8,550,886 shares. The stock had previously closed at GBX 52.20 ($0.69).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 86 ($1.14) target price on shares of Pantheon Resources in a research report on Monday, March 24th.
Get Our Latest Analysis on PANR
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 stock's 50-day moving average price is GBX 60.23 and its 200 day moving average price is GBX 39.73. The firm has a market cap of £529.18 million, a price-to-earnings ratio of -34.57 and a beta of -0.36.
Insider Buying and Selling at Pantheon Resources
In other Pantheon Resources news, insider Linda Havard bought 21,000 shares of the firm's stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average cost of GBX 70 ($0.93) per share, for a total transaction of £14,700 ($19,503.78). Insiders own 10.15% of the company's stock.
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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