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Afentra (LON:AET) Trading Up 1.1% - Here's Why

Afentra logo with Energy background

Afentra plc (LON:AET - Get Free Report) shares shot up 1.1% on Friday . The stock traded as high as GBX 48.90 ($0.63) and last traded at GBX 47.50 ($0.62). 257,922 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 804,307 shares. The stock had previously closed at GBX 47 ($0.61).

Analyst Ratings Changes

A number of equities analysts recently commented on AET shares. Shore Capital reaffirmed a "not rated" rating on shares of Afentra in a research note on Thursday, July 25th. Canaccord Genuity Group began coverage on Afentra in a research report on Thursday, September 19th. They set a "buy" rating and a GBX 80 ($1.04) target price for the company.

Check Out Our Latest Stock Analysis on Afentra

Afentra Stock Up 1.1 %

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 company has a 50-day simple moving average of GBX 48.57 and a 200 day simple moving average of GBX 51.34. The company has a market cap of £107.43 million, a P/E ratio of 678.57 and a beta of 0.10.

Afentra Company Profile

(Get Free Report)

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.

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