Afentra (LON:AET) Trading Up 9.5% – What’s Next?

Shares of Afentra plc (LON:AET) shot up 9.5% during trading on Saturday . The company traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). 937,530 shares traded 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).

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Shore Capital reaffirmed a “buy” rating on shares of Afentra in a research note on Thursday, April 24th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 75 ($1.00) price objective on shares of Afentra in a research note on Friday, April 25th.

Afentra Trading Up 9.5%

The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78. The firm has a market capitalization of £117.21 million, a P/E ratio of 592.86 and a beta of 0.10. The firm has a 50 day simple moving average of GBX 38.88 and a two-hundred day simple moving average of GBX 43.64.

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.