Afentra (LON:AET) Hits New 1-Year Low – Here’s Why

Afentra plc (LON:AET)’s stock price hit a new 52-week low on Thursday . The company traded as low as GBX 37 ($0.48) and last traded at GBX 37 ($0.48), with a volume of 1455300 shares traded. The stock had previously closed at GBX 39.50 ($0.51).

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AET shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 90 ($1.16) target price on shares of Afentra in a research note on Thursday, January 23rd. Shore Capital reissued a “buy” rating on shares of Afentra in a report on Thursday, January 30th.

Afentra Stock Performance

The business’s fifty day moving average price is GBX 47.23 and its 200-day moving average price is GBX 47.36. The stock has a market capitalization of £104.50 million, a PE ratio of 528.57 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.

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.