Pantheon Resources (LON:PANR) Shares Down 17.6%

Pantheon Resources Plc (LON:PANR) shares traded down 17.6% during mid-day trading on Friday . The stock traded as low as GBX 20 ($0.25) and last traded at GBX 20.28 ($0.26). 10,145,853 shares changed hands during trading, an increase of 212% from the average session volume of 3,248,729 shares. The stock had previously closed at GBX 24.60 ($0.31).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 90 ($1.14) target price on shares of Pantheon Resources in a report on Monday, June 17th.

Pantheon Resources Stock Down 14.6 %

The firm has a market cap of £198.29 million, a P/E ratio of -3,070.00 and a beta of -0.30. 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 fifty day moving average of GBX 30.27 and a 200-day moving average of GBX 28.25.

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.