Pantheon Resources (LON:PANR) Stock Price Crosses Below 200 Day Moving Average of $24.95

Pantheon Resources Plc (LON:PANR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 24.95 ($0.33) and traded as low as GBX 15.85 ($0.21). Pantheon Resources shares last traded at GBX 16 ($0.21), with a volume of 3,917,318 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price objective on shares of Pantheon Resources from GBX 90 ($1.20) to GBX 85 ($1.14) and set a “speculative buy” rating on the stock in a research note on Tuesday, August 6th.

Pantheon Resources Stock Up 2.9 %

The company’s 50-day simple moving average is GBX 17.26 and its two-hundred day simple moving average is GBX 24.95. The firm has a market capitalization of £186.00 million, a P/E ratio of -3,070.00 and a beta of -0.36. The company has a debt-to-equity ratio of 8.69, a current ratio of 0.58 and a quick ratio of 20.28.

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.