Afentra (LON:AET) Stock Price Down 8.1% - Here's What Happened

Afentra plc (LON:AET - Get Free Report) fell 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 changed 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).

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 75 ($1.03) target price on shares of Afentra in a report on Friday, April 25th. Shore Capital reissued a "buy" rating on shares of Afentra in a research note on Thursday, April 24th.

Afentra Stock Performance

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 firm has a market capitalization of £138.96 million, a P/E ratio of 702.86 and a beta of 0.10. The company's 50 day moving average is GBX 42.85 and its 200-day moving average is GBX 43.77.

Insider Activity

In related news, insider Ian Richard Cloke acquired 2,937 shares of the stock in a transaction dated Friday, May 16th. The stock was purchased at an average cost of GBX 41 ($0.56) per share, with a total value of £1,204.17 ($1,652.49). Insiders bought a total of 101,363 shares of company stock worth $4,057,457 in the last three months. Company insiders own 53.87% of the company's stock.

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.