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

Shares of Afentra plc (LON:AET - Get Free Report) traded down 8.1% during mid-day trading on Tuesday . The company traded as low as GBX 47.63 ($0.65) and last traded at GBX 49.07 ($0.67). 4,101,193 shares changed hands during trading, an increase of 436% from the average session volume of 764,665 shares. The stock had previously closed at GBX 53.40 ($0.73).

Analysts Set New Price Targets

Several equities research analysts have weighed in on AET shares. Shore Capital reissued a "buy" rating on shares of Afentra in a report on Thursday, April 24th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 75 ($1.03) price target on shares of Afentra in a report on Friday, April 25th.

Afentra Price Performance

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 stock has a market capitalization of £138.96 million, a PE ratio of 702.86 and a beta of 0.10. The stock's fifty day moving average is GBX 42.85 and its 200-day moving average is GBX 43.77.

Insider Activity

In other Afentra news, insider Ian Richard Cloke bought 2,937 shares of the business's stock in a transaction on Friday, May 16th. The stock was bought at an average price of GBX 41 ($0.56) per share, with a total value of £1,204.17 ($1,652.49). Insiders have bought a total of 101,363 shares of company stock worth $4,057,457 over the last quarter. 53.87% of the stock is currently owned by corporate 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.