Afentra (LON:AET) Shares Up 9.5% - Should You Buy?

Afentra plc (LON:AET - Get Free Report) shares rose 9.5% on Saturday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). Approximately 937,530 shares were traded during trading, an increase of 27% from the average daily volume of 736,398 shares. The stock had previously closed at GBX 37.90 ($0.51).

Analyst Ratings Changes

AET has been the subject of several research analyst reports. Shore Capital restated a "buy" rating on shares of Afentra in a research report on Thursday, April 24th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 75 ($1.00) price objective on shares of Afentra in a research note on Friday, April 25th.

Afentra Stock Performance

The firm's 50 day moving average price is GBX 38.89 and its two-hundred day moving average price is GBX 43.59. 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 cap of £118.62 million, a PE ratio of 600.00 and a beta of 0.10.

Insider Activity

In other news, insider Ian Richard Cloke purchased 48,694 shares of the company's stock in a transaction dated Friday, May 16th. The stock was acquired at an average price of GBX 40 ($0.53) per share, with a total value of £19,477.60 ($26,015.23). Insiders bought a total of 101,363 shares of company stock valued at $4,057,457 in the last 90 days. 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.