Shares of Afentra plc (LON:AET - Get Free Report) fell 8.1% on Tuesday . The stock traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). 4,101,193 shares were traded 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).
Analyst Upgrades and Downgrades
Several brokerages have commented on AET. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 75 ($1.03) price target on shares of Afentra in a research report on Friday, April 25th. Shore Capital reaffirmed a "buy" rating on shares of Afentra in a research note on Thursday, April 24th.
View Our Latest Analysis on AET
Afentra Trading Up 0.8%
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 £138.96 million, a P/E ratio of 702.86 and a beta of 0.10. The firm has a 50 day moving average price of GBX 42.85 and a two-hundred day moving average price of GBX 43.77.
Insider Activity at Afentra
In other news, insider Ian Richard Cloke purchased 48,694 shares of Afentra stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average price of GBX 40 ($0.55) per share, for a total transaction of £19,477.60 ($26,729.24). Insiders purchased 101,363 shares of company stock worth $4,057,457 in the last quarter. 53.87% of the stock is owned by company insiders.
About Afentra
(
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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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