Afentra (LON:AET) Stock Price Down 8.1% - Should You Sell?

Shares of Afentra plc (LON:AET - Get Free Report) were 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).

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AET shares. Shore Capital restated a "buy" rating on shares of Afentra in a research note on Thursday, April 24th. Canaccord Genuity Group restated a "buy" rating and set a GBX 75 ($1.02) price objective on shares of Afentra in a research note on Friday, April 25th.

Afentra Trading Down 8.1%

The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96. The stock has a market capitalization of £138.58 million, a P/E ratio of 700.96 and a beta of 0.10. The firm's 50 day simple moving average is GBX 42.22 and its two-hundred day simple moving average is GBX 43.66.

Insider Activity

In other news, insider Ian Richard Cloke purchased 48,694 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were acquired at an average cost of GBX 40 ($0.54) per share, for a total transaction of £19,477.60 ($26,514.57). Insiders acquired 101,363 shares of company stock worth $4,057,457 over the last three months. 53.87% of the stock is currently owned by insiders.

Afentra Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.