Afentra (LON:AET) Shares Down 1.3% – Here’s What Happened

by · The Markets Daily

Afentra plc (LON:AET – Get Free Report)’s stock price fell 1.3% during mid-day trading on Thursday . The company traded as low as GBX 44.80 ($0.56) and last traded at GBX 45.60 ($0.57). 524,267 shares changed hands during mid-day 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).

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AET shares. Shore Capital reaffirmed a “buy” rating on shares of Afentra in a research note on Thursday, November 7th. Canaccord Genuity Group began coverage on shares of Afentra in a research report on Thursday, September 19th. They set a “buy” rating and a GBX 80 ($1.01) price objective for the company.

Check Out Our Latest Stock Report on AET

Afentra Stock Down 0.9 %

The stock has a market cap of £102.22 million, a price-to-earnings ratio of 645.71 and a beta of 0.10. The firm’s fifty day moving average price is GBX 46.88 and its two-hundred day moving average price is GBX 49.95. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92.

About Afentra

(Get Free Report)

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.

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