Afentra (LON:AET) Shares Down 8.1% - Here's Why

Afentra plc (LON:AET - Get Free Report)'s stock price fell 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). 4,101,193 shares traded hands 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 research firms have recently issued reports on AET. 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 set a GBX 75 ($1.03) price target on shares of Afentra in a research note on Friday, April 25th.

Afentra Trading Up 0.8%

The stock has a market cap of £138.96 million, a PE ratio of 702.86 and a beta of 0.10. The business has a 50-day moving average of GBX 43.03 and a 200 day moving average of GBX 43.77. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78.

Insider Buying and Selling

In related news, insider Ian Richard Cloke sold 103,158 shares of Afentra stock in a transaction dated Friday, May 16th. The stock was sold at an average price of GBX 40 ($0.55), for a total transaction of £41,263.20 ($56,625.77). In the last quarter, insiders purchased 101,363 shares of company stock worth $4,057,457. 53.87% of the stock is owned by corporate 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.