Afentra (LON:AET) Stock Price Down 8.1% - Time to Sell?

Afentra plc (LON:AET - Get Free Report) shares fell 8.1% on Wednesday . The company traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). 4,101,193 shares changed hands during trading, an increase of 436% from the average session volume of 764,665 shares. The stock had previously closed at GBX 53.40 ($0.73).

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AET. Canaccord Genuity Group restated a "buy" rating and set a GBX 75 ($1.03) target price on shares of Afentra in a report on Friday, April 25th. Shore Capital reiterated a "buy" rating on shares of Afentra in a report on Thursday, April 24th.

Afentra Stock Performance

The stock has a market capitalization of £138.96 million, a price-to-earnings ratio of 702.86 and a beta of 0.10. The company's fifty day simple moving average is GBX 43.03 and its 200 day simple moving average is GBX 43.77. The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96.

Insider Buying and Selling at Afentra

In related news, insider Ian Richard Cloke acquired 48,694 shares of the firm's stock in a transaction on Friday, May 16th. The shares were purchased at an average cost of GBX 40 ($0.55) per share, for a total transaction of £19,477.60 ($26,729.24). Insiders have purchased a total of 101,363 shares of company stock worth $4,057,457 over the last ninety days. Insiders own 53.87% of the company's stock.

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.