Afentra (LON:AET) Stock Price Up 9.5% – Here’s What Happened

Shares of Afentra plc (LON:AET) rose 9.5% during mid-day trading on Saturday . The company traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). Approximately 937,530 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 736,398 shares. The stock had previously closed at GBX 37.90 ($0.50).

Wall Street Analysts Forecast Growth

AET has been the subject of a number of recent research reports. Shore Capital reiterated a “buy” rating on shares of Afentra in a research note on Thursday, April 24th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 75 ($1.00) target price on shares of Afentra in a research note on Friday, April 25th.

Afentra Trading Up 9.5%

The business has a 50 day simple moving average of GBX 38.88 and a two-hundred day simple moving average of GBX 43.69. 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 market cap of £117.21 million, a price-to-earnings ratio of 592.86 and a beta of 0.10.

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.