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Afentra (LON:AET) Stock Price Down 8.1% - Time to Sell?

Afentra logo with Energy background

Afentra plc (LON:AET - Get Free Report) dropped 8.1% during mid-day trading on Wednesday . 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 traded 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

AET has been the topic of several recent research reports. Shore Capital reaffirmed a "buy" rating on shares of Afentra in a research note on Thursday, April 24th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 75 ($1.03) target price on shares of Afentra in a research note on Friday, April 25th.

Get Our Latest Research Report on Afentra

Afentra Stock Up 0.8%

The firm's 50 day moving average is GBX 43.03 and its two-hundred day moving average is GBX 43.77. The firm has a market cap of £138.96 million, a P/E ratio of 702.86 and a beta of 0.10. The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96.

Insider Buying and Selling

In other news, insider Ian Richard Cloke acquired 48,694 shares of Afentra stock in a transaction that occurred on Friday, May 16th. The shares were acquired at an average price of GBX 40 ($0.55) per share, with a total value of £19,477.60 ($26,729.24). Insiders have bought 101,363 shares of company stock valued at $4,057,457 in the last 90 days. 53.87% of the stock is owned by insiders.

About Afentra

(Get Free Report)

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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