Afentra (LON:AET) Stock Price Down 0.9% – Should You Sell?

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Shore Capital restated a “buy” rating on shares of Afentra in a research note on Thursday, January 30th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 90 ($1.14) target price on shares of Afentra in a research note on Thursday, January 23rd.

Afentra Price Performance

The stock has a market cap of £125.12 million, a price-to-earnings ratio of 632.86 and a beta of 0.10. The company has a 50-day simple moving average of GBX 47.75 and a two-hundred day simple moving average of GBX 47.85. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78.

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.