Afentra (LON:AET) Trading Up 9.5% – Time to Buy?

Afentra plc (LON:AET)’s share price was up 9.5% during trading on Friday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). Approximately 937,530 shares changed hands during 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 Analyst Weigh In

Several equities analysts recently commented on AET shares. Shore Capital restated a “buy” rating on shares of Afentra in a research report on Thursday, April 24th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 75 ($1.00) price objective on shares of Afentra in a report on Friday, April 25th.

Afentra Stock Performance

The stock has a 50 day moving average price of GBX 38.88 and a two-hundred day moving average price of GBX 43.66. The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96. The company has a market cap of £117.21 million, a P/E 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.