Afentra plc (LON:AET - Get Free Report) was down 8.1% during mid-day trading on Tuesday . The stock traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). Approximately 4,101,193 shares changed hands during mid-day trading, an increase of 436% from the average daily volume of 764,665 shares. The stock had previously closed at GBX 53.40 ($0.73).
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Shore Capital restated a "buy" rating on shares of Afentra in a report on Thursday, April 24th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 75 ($1.02) price target on shares of Afentra in a research note on Friday, April 25th.
Check Out Our Latest Analysis on Afentra
Afentra Trading Down 8.1%
The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78. The firm has a market capitalization of £138.58 million, a P/E ratio of 700.96 and a beta of 0.10. The firm has a 50 day simple moving average of GBX 42.46 and a two-hundred day simple moving average of GBX 43.70.
Insider Activity at Afentra
In related news, insider Ian Richard Cloke acquired 48,694 shares of the stock in a transaction on Friday, May 16th. The shares were acquired at an average price of GBX 40 ($0.54) per share, with a total value of £19,477.60 ($26,514.57). Insiders have bought 101,363 shares of company stock valued at $4,057,457 over the last ninety days. Corporate insiders own 53.87% of the company's stock.
Afentra Company Profile
(
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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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