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

Shares of Afentra plc (LON:AET) fell 0.9% on Thursday . The company traded as low as GBX 44 ($0.56) and last traded at GBX 44.50 ($0.56). 1,073,568 shares traded hands during 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).

Wall Street Analysts Forecast Growth

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

Afentra Price Performance

The company has a 50 day moving average of GBX 47.75 and a 200-day moving average of GBX 47.85. The firm has a market capitalization of £125.12 million, a P/E ratio of 632.86 and a beta of 0.10. The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96.

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.