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

Afentra plc (LON:AET) rose 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). Approximately 937,530 shares changed hands during mid-day 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

AET has been the topic of a number of analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 75 ($1.00) price target on shares of Afentra in a research note 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 has a market cap of £117.21 million, a price-to-earnings ratio of 592.86 and a beta of 0.10. The stock’s 50 day moving average is GBX 38.88 and its 200 day moving average is GBX 43.64. The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96.

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.