Afentra (LON:AET) Stock Price Up 9.5% - Here's Why

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

Analysts Set New Price Targets

A number of research analysts have issued reports on AET shares. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 75 ($1.00) target price on shares of Afentra in a research note on Friday, April 25th. Shore Capital reiterated a "buy" rating on shares of Afentra in a report on Thursday, April 24th.

Afentra Trading Up 5.0%

The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. The company has a market capitalization of £118.62 million, a price-to-earnings ratio of 600.00 and a beta of 0.10. The business's 50-day moving average price is GBX 38.89 and its two-hundred day moving average price is GBX 43.59.

Insider Buying and Selling at Afentra

In other Afentra news, insider Ian Richard Cloke bought 48,694 shares of Afentra stock in a transaction on Friday, May 16th. The shares were purchased at an average price of GBX 40 ($0.54) per share, with a total value of £19,477.60 ($26,084.91). Insiders purchased 101,363 shares of company stock valued at $4,057,457 in the last three months. Corporate 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.