Afentra (LON:AET) Trading Up 9.5% – Here’s What Happened

Shares of Afentra plc (LON:AET) shot up 9.5% on Saturday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). 937,530 shares changed hands during trading, an increase of 27% from the average session volume of 736,398 shares. The stock had previously closed at GBX 37.90 ($0.50).

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AET. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 75 ($1.00) target price on shares of Afentra in a report on Friday, April 25th. Shore Capital reiterated a “buy” rating on shares of Afentra in a report on Thursday, April 24th.

Afentra Trading Up 9.5%

The company has a market capitalization of £117.21 million, a P/E ratio of 592.86 and a beta of 0.10. The business has a fifty day moving average price of GBX 38.88 and a 200 day moving average price of GBX 43.64. The company has a quick ratio of 28.92, a current ratio of 0.78 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.