Afentra plc (LON:AET - Get Free Report)'s share price was down 8.1% during trading on Tuesday . The company traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). Approximately 4,101,193 shares changed hands 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).
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on AET. Canaccord Genuity Group reissued 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 reissued a "buy" rating on shares of Afentra in a research note on Thursday, April 24th.
View Our Latest Report on AET
Afentra Price Performance
The stock has a market capitalization of £138.58 million, a P/E ratio of 700.96 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. The stock has a 50 day moving average of GBX 42.46 and a 200-day moving average of GBX 43.70.
Insider Activity at Afentra
In other Afentra news, insider Ian Richard Cloke bought 48,694 shares of the business's stock in a transaction on Friday, May 16th. The shares were acquired at an average price of GBX 40 ($0.54) per share, with a total value of £19,477.60 ($26,514.57). Over the last quarter, insiders bought 101,363 shares of company stock worth $4,057,457. Company insiders own 53.87% of the company's stock.
About Afentra
(
Get Free Report)
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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