Pantheon Resources shares fell 10.6% amid insider selling and rising short interest, despite strong reserves and a "Buy" rating.

Pantheon Resources (LON:PANR) shares dropped 10.6% to GBX 7.02 on Thursday, with trading volume surging 300% above average. The AIM-listed oil and gas company, developing Alaska’s Ahpun and Kodiak fields, holds 1.6 billion barrels of estimated recoverable oil and 6.6 trillion cubic feet of gas. Despite a "Buy" consensus rating and a GBX 66 price target, the stock has a negative P/E ratio, high debt-to-equity, and a market cap of £94.58 million. The decline followed insider selling and rising short interest, though the exact cause was not specified.