Afentra (LON:AET) Shares Up 9.5% – Here’s What Happened

Shares of Afentra plc (LON:AET) shot up 9.5% during trading on Saturday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). 937,530 shares changed hands during 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).

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 75 ($1.00) price target on shares of Afentra in a report on Friday, April 25th. Shore Capital reissued a “buy” rating on shares of Afentra in a research report on Thursday, April 24th.

Afentra Stock Performance

The firm’s fifty day moving average price is GBX 38.88 and its two-hundred day moving average price is GBX 43.64. The stock has a market capitalization of £117.21 million, a PE ratio of 592.86 and a beta of 0.10. The company has a current ratio of 0.78, a quick ratio of 28.92 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.