Afentra (LON:AET) Shares Down 0.2% – Time to Sell?

Afentra plc (LON:AET)’s stock price was down 0.2% on Thursday . The stock traded as low as GBX 44.90 ($0.57) and last traded at GBX 45 ($0.57). Approximately 366,838 shares traded hands during trading, a decline of 54% from the average daily volume of 797,895 shares. The stock had previously closed at GBX 45.10 ($0.57).

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AET shares. Canaccord Genuity Group started coverage on shares of Afentra in a research report on Thursday, September 19th. They set a “buy” rating and a GBX 80 ($1.02) price objective for the company. Shore Capital restated a “buy” rating on shares of Afentra in a research report on Thursday, November 7th.

Afentra Stock Performance

The firm’s 50-day moving average is GBX 47.87 and its 200 day moving average is GBX 51.06. The stock has a market cap of £102.45 million, a PE ratio of 650.00 and a beta of 0.10. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78.

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.