Afentra (LON:AET) Shares Up 1.5% - What's Next?

Afentra plc (LON:AET - Get Free Report) was up 1.5% during trading on Tuesday . The company traded as high as GBX 47.90 ($0.65) and last traded at GBX 47.60 ($0.65). Approximately 296,843 shares traded hands during trading, a decline of 58% from the average daily volume of 699,443 shares. The stock had previously closed at GBX 46.90 ($0.64).

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AET shares. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 75 ($1.02) price target on shares of Afentra in a research report on Friday, April 25th. Shore Capital reaffirmed a "buy" rating on shares of Afentra in a research report on Thursday, April 24th.

Afentra Stock Performance

The stock has a 50-day moving average of GBX 40.57 and a 200-day moving average of GBX 43.51. The firm has a market cap of £136.98 million, a price-to-earnings ratio of 692.86 and a beta of 0.10. 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 Activity at Afentra

In other news, insider Ian Richard Cloke bought 2,937 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were acquired at an average price of GBX 41 ($0.56) per share, with a total value of £1,204.17 ($1,634.99). In the last quarter, insiders have bought 101,363 shares of company stock valued at $4,057,457. 53.87% of the stock is owned by insiders.

About Afentra

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.