Afentra (LON:AET) Hits New 12-Month Low – Time to Sell?

Shares of Afentra plc (LON:AET) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 37 ($0.48) and last traded at GBX 37 ($0.48), with a volume of 1455300 shares trading hands. The stock had previously closed at GBX 39.50 ($0.51).

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Shore Capital reissued a “buy” rating on shares of Afentra in a research note on Thursday, January 30th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 90 ($1.16) price target on shares of Afentra in a research report on Thursday, January 23rd.

Afentra Stock Down 6.3 %

The stock has a 50-day moving average of GBX 47.23 and a 200 day moving average of GBX 47.36. The company has a market capitalization of £104.50 million, a PE ratio of 528.57 and a beta of 0.10. The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96.

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.