UK stock alert
Afternoon Alert: Pantheon Resources hits 52-week low sixth time in one month 25 July 2017 13:22 BST
NEWS BITES - EUROPE
Pantheon Resources PLC (L:PANR) hit a 52-week low of GBX40.25 earlier today for the sixth time in the past one month, but later rebounded higher to GBX44.50. Trading volume was 1.2 times average so far today.
Current indications of bearish signals that support the trend in the unusual trading:
+ The negative 3.25 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The stock has underperformed 95% of the United Kingdom market over the past 6 months.
+ In the last one month the stock has hit a new 52-week low six times and in the last three months ten times, pointing to a significant downtrend.
+ The present value of GBP1,000 invested one year ago is GBP318 [vs GBP1,109 for the FTSE 100 Index].
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Price to Book of 2.1 [0.8]
Other Bearish Signals include:
+ Tobin's Q Ratio is 2. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
+ Net Profit margin has been negative in recent years.
Pantheon Resources today is at a discount of 76.0% to the 12-month high of GBX185.31 on 02 Aug, 2016. It is at a premium of 10.6% to the 12-month low of GBX40.25 on 25 Jul, 2017.
The company is cash rich with Cash to Market Capitalisation at 18.7%.
Pantheon Resources PLC (L:PANR; LON:PANR; LN:PANR)