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

Afentra plc (LON:AET - Get Free Report) shares dropped 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). Approximately 4,101,193 shares were traded during mid-day trading, an increase of 436% from the average daily volume of 764,665 shares. The stock had previously closed at GBX 53.40 ($0.73).

Analysts Set New Price Targets

AET has been the topic of a number of recent research reports. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 75 ($1.02) price objective on shares of Afentra in a research note on Friday, April 25th. Shore Capital reiterated a "buy" rating on shares of Afentra in a research note on Thursday, April 24th.

Afentra Stock Down 8.1%

The firm has a market cap of £138.58 million, a price-to-earnings ratio of 700.96 and a beta of 0.10. The firm's fifty day moving average is GBX 42.46 and its two-hundred day moving average is GBX 43.70. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92.

Insider Buying and Selling

In other Afentra news, insider Ian Richard Cloke sold 103,158 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of GBX 40 ($0.54), for a total value of £41,263.20 ($56,170.98). Insiders purchased 101,363 shares of company stock valued at $4,057,457 over the last 90 days. 53.87% of the stock is currently owned by company 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.

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