Afentra (LON:AET) Trading Up 2.8% – What’s Next?

Afentra plc (LON:AET) shares shot up 2.8% on Friday . The stock traded as high as GBX 51.80 ($0.63) and last traded at GBX 50.80 ($0.62). 1,268,877 shares were traded during trading, an increase of 85% from the average session volume of 684,057 shares. The stock had previously closed at GBX 49.40 ($0.60).

Analyst Ratings Changes

A number of research firms have recently commented on AET. Canaccord Genuity Group began coverage on shares of Afentra in a research report on Thursday, September 19th. They issued a “buy” rating and a GBX 80 ($0.98) target price for the company. Shore Capital reissued a “buy” rating on shares of Afentra in a research note on Thursday, November 7th.

Afentra Stock Up 2.8 %

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 fifty day simple moving average of GBX 46.03 and a 200 day simple moving average of GBX 49. The firm has a market capitalization of £114.89 million, a P/E ratio of 725.71 and a beta of 0.10.

Afentra Company Profile

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.