Afentra (LON:AET) Shares Up 9.5% – Time to Buy?

Afentra plc (LON:AET)’s share price rose 9.5% on Friday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). Approximately 937,530 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 736,398 shares. The stock had previously closed at GBX 37.90 ($0.50).

Wall Street Analysts Forecast Growth

AET has been the topic of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 75 ($1.00) price objective on shares of Afentra in a research report on Friday, April 25th. Shore Capital restated a “buy” rating on shares of Afentra in a research note on Thursday, April 24th.

Afentra Price Performance

The firm has a market capitalization of £117.21 million, a PE ratio of 592.86 and a beta of 0.10. 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 business’s 50 day moving average is GBX 38.88 and its two-hundred day moving average is GBX 43.66.

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.