Afentra (LON:AET) Stock Price Down 1.3% – What’s Next?

Shares of Afentra plc (LON:AET) fell 1.3% during mid-day trading on Thursday . The stock traded as low as GBX 44.80 ($0.56) and last traded at GBX 45.60 ($0.57). 524,267 shares changed hands during trading, a decline of 33% from the average session volume of 777,184 shares. The stock had previously closed at GBX 46.20 ($0.58).

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group assumed coverage on Afentra in a research report on Thursday, September 19th. They set a “buy” rating and a GBX 80 ($1.00) target price on the stock. Shore Capital reissued a “buy” rating on shares of Afentra in a report on Thursday, November 7th.

Afentra Stock Performance

The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96. The firm’s fifty day moving average is GBX 47.03 and its 200 day moving average is GBX 50.05. The company has a market cap of £103.13 million, a PE ratio of 651.43 and a beta of 0.10.

Afentra Company Profile

Afentra plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa. The company is involved in the appraisal, exploration, development, and production of oil and gas. It holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland.