Afentra (LON:AET) Sets New 12-Month Low - Here's Why

Afentra plc (LON:AET - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 34.55 ($0.44) and last traded at GBX 37.91 ($0.48), with a volume of 2206522 shares changing hands. The stock had previously closed at GBX 38.70 ($0.49).

Analysts Set New Price Targets

A number of brokerages have commented on AET. Canaccord Genuity Group restated a "buy" rating and issued a GBX 96 ($1.23) price target on shares of Afentra in a research report on Wednesday, March 19th. Shore Capital reissued a "buy" rating on shares of Afentra in a report on Tuesday, March 18th.

Afentra Price Performance

The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96. The stock has a 50 day simple moving average of GBX 42.07 and a 200-day simple moving average of GBX 45.80. The firm has a market cap of £98.85 million, a PE ratio of 500.00 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.