Afentra (LON:AET) Shares Down 8.1% - What's Next?

Afentra plc (LON:AET - Get Free Report)'s stock price traded down 8.1% during trading on Tuesday . The company traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). 4,101,193 shares traded hands during mid-day 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 Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Shore Capital reaffirmed a "buy" rating on shares of Afentra in a research report on Thursday, April 24th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 75 ($1.02) price objective on shares of Afentra in a research report on Friday, April 25th.

Afentra Stock Performance

The business's 50-day moving average price is GBX 42.46 and its 200-day moving average price is GBX 43.70. 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 stock has a market cap of £138.58 million, a P/E ratio of 700.96 and a beta of 0.10.

Insider Activity

In other news, insider Ian Richard Cloke bought 2,937 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were bought at an average price of GBX 41 ($0.56) per share, for a total transaction of £1,204.17 ($1,639.22). Insiders acquired a total of 101,363 shares of company stock valued at $4,057,457 in the last 90 days. Company 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.

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