Afentra plc (LON:AET - Get Free Report) dropped 8.1% on Tuesday . The company 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 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).
Analysts Set New Price Targets
AET has been the subject of several recent research reports. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 75 ($1.02) price objective on shares of Afentra in a research report on Friday, April 25th. Shore Capital reissued a "buy" rating on shares of Afentra in a research report on Thursday, April 24th.
Get Our Latest Report on AET
Afentra Trading Down 8.1%
The firm has a market capitalization of £138.58 million, a price-to-earnings ratio of 700.96 and a beta of 0.10. The company has a fifty day moving average price of GBX 42.22 and a two-hundred day moving average price of GBX 43.66. 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 Activity at Afentra
In other news, insider Ian Richard Cloke purchased 48,694 shares of the firm's stock in a transaction on Friday, May 16th. The shares were bought at an average cost of GBX 40 ($0.54) per share, for a total transaction of £19,477.60 ($26,514.57). Over the last three months, insiders have acquired 101,363 shares of company stock worth $4,057,457. Insiders own 53.87% of the company's stock.
Afentra Company Profile
(
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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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