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flag Pantheon Resources shares plunged 12% amid heavy trading, despite strong resource estimates and analyst buy ratings.

flag Pantheon Resources (LON:PANR) shares dropped 12.1% to GBX 8.39 on Monday, with trading volume surging 170% above average, amid no specific news. flag The AIM-listed oil and gas firm, focused on Alaska’s North Slope, holds 259,000 acres with estimated recoverable resources of 1.6 billion barrels of crude oil and 6.6 trillion cubic feet of natural gas. flag Despite a "Buy" analyst consensus and a target price of GBX 66, the stock has a negative P/E ratio, high debt-to-equity ratio, and liquidity concerns, trading below key moving averages. flag The company aims to achieve a market valuation of $5 per barrel of recoverable resources by 2028.

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