Afentra (LON:AET) Shares Up 1.5% - Time to Buy?

Shares of Afentra plc (LON:AET - Get Free Report) rose 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 mid-day 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).

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AET shares. Canaccord Genuity Group restated a "buy" rating and set a GBX 75 ($1.02) target price 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 note on Thursday, April 24th.

Afentra Trading Up 2.8%

The stock has a 50 day moving average of GBX 40.07 and a 200-day moving average of GBX 43.46. The company has a market capitalization of £136.45 million, a P/E ratio of 690.14 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 Activity

In related news, insider Ian Richard Cloke sold 103,158 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of GBX 40 ($0.54), for a total value of £41,263.20 ($55,934.93). Insiders purchased 101,363 shares of company stock valued at $4,057,457 in the last ninety days. Insiders own 53.87% of the company's stock.

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.