Afentra (LON:AET) Shares Up 9.5% – Should You Buy?

Afentra plc (LON:AET) shares shot up 9.5% during mid-day 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 changed hands during mid-day 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).

Analysts Set New Price Targets

A number of research firms have recently issued reports on AET. Shore Capital reiterated a “buy” rating on shares of Afentra in a report on Thursday, April 24th. Canaccord Genuity Group restated a “buy” rating and set a GBX 75 ($1.00) target price on shares of Afentra in a report 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 company has a market cap of £117.21 million, a P/E ratio of 592.86 and a beta of 0.10. The stock has a 50-day moving average of GBX 38.88 and a two-hundred day moving average of GBX 43.69.

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.