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

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

Wall Street Analyst Weigh In

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

Afentra Stock Up 9.5%

The firm has a 50-day moving average of GBX 38.88 and a 200 day moving average of GBX 43.66. 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 £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.