Afentra (LON:AET) Stock Price Down 0.9% - What's Next?

Afentra plc (LON:AET - Get Free Report)'s share price dropped 0.9% during mid-day trading on Thursday . The stock traded as low as GBX 44 ($0.56) and last traded at GBX 44.50 ($0.56). Approximately 1,073,568 shares changed hands during mid-day trading, an increase of 38% from the average daily volume of 775,291 shares. The stock had previously closed at GBX 44.90 ($0.57).

Analyst Upgrades and Downgrades

AET has been the topic of several research analyst reports. Canaccord Genuity Group restated a "buy" rating and issued a GBX 90 ($1.14) price objective on shares of Afentra in a research note on Thursday, January 23rd. Shore Capital restated a "buy" rating on shares of Afentra in a research note on Thursday, January 30th.

Afentra Price Performance

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 stock's 50 day simple moving average is GBX 47.81 and its two-hundred day simple moving average is GBX 47.88. The stock has a market cap of £125.12 million, a price-to-earnings ratio of 632.86 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.