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

Afentra plc (LON:AET) shares traded up 9.5% on Friday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 41.50 ($0.55). 937,530 shares traded 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).

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AET shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 75 ($1.00) price target on shares of Afentra in a research report on Friday, April 25th. Shore Capital reiterated a “buy” rating on shares of Afentra in a research note on Thursday, April 24th.

Afentra Price Performance

The business has a fifty day moving average of GBX 38.88 and a 200-day moving average of GBX 43.66. The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96. The firm has a market cap of £117.21 million, a PE ratio of 592.86 and a beta of 0.10.

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.