Shares in Aim-listed Pantheon Resources slid on Monday after a report that short seller Muddy Waters Research had bet against the company. Stock in Pantheon, a US-focused oil and gas explorer, fell as much as 20 per cent early on Monday in London. The drop comes after UK newspaper The Times reported at the weekend that Muddy Waters Research, the prominent hedge fund founded and led by Carson Block, had taken a short position on the company worth £5mn.

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