Afentra (LON:AET) Stock Price Down 0.5% - Here's Why

Afentra plc (LON:AET - Get Free Report) was down 0.5% during trading on Friday . The stock traded as low as GBX 38.75 ($0.52) and last traded at GBX 39.50 ($0.53). Approximately 144,858 shares were traded during trading, a decline of 81% from the average daily volume of 777,913 shares. The stock had previously closed at GBX 39.70 ($0.53).

Wall Street Analyst Weigh In

Several research firms have recently commented on AET. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 75 ($1.00) price objective on shares of Afentra in a report on Friday, April 25th. Shore Capital reiterated a "buy" rating on shares of Afentra in a research note on Thursday, April 24th.

Afentra Price 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 company has a market capitalization of £103.94 million, a P/E ratio of 525.71 and a beta of 0.10. The company has a 50 day moving average price of GBX 39.63 and a 200 day moving average price of GBX 44.71.

About Afentra

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.