Afentra (LON:AET) Trading 2.8% Higher - What's Next?

Afentra plc (LON:AET - Get Free Report) rose 2.8% during mid-day trading on Friday . The company traded as high as GBX 51.80 ($0.63) and last traded at GBX 50.80 ($0.62). Approximately 1,268,877 shares were traded during mid-day trading, an increase of 85% from the average daily volume of 684,057 shares. The stock had previously closed at GBX 49.40 ($0.60).

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Shore Capital restated a "buy" rating on shares of Afentra in a research note on Thursday, November 7th. Canaccord Genuity Group began coverage on shares of Afentra in a research report on Thursday, September 19th. They set a "buy" rating and a GBX 80 ($0.98) target price on the stock.

Afentra Trading Up 2.8 %

The business's 50 day simple moving average is GBX 46.03 and its 200 day simple moving average is GBX 49. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. The company has a market capitalization of £114.89 million, a price-to-earnings ratio of 725.71 and a beta of 0.10.

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.