Canaccord Genuity Group Begins Coverage on Afentra (LON:AET)

Canaccord Genuity Group assumed coverage on shares of Afentra (LON:AET) in a research report report published on Thursday, MarketBeat reports. The brokerage issued a buy rating and a GBX 80 ($1.06) price target on the stock.

Separately, Shore Capital reissued a not rated rating on shares of Afentra in a report on Thursday, July 25th.

Afentra Stock Performance

Shares of AET opened at GBX 46.90 ($0.62) on Thursday. The business has a 50-day simple moving average of GBX 50.22 and a two-hundred day simple moving average of GBX 49.40. The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96. Afentra has a 52 week low of GBX 25.30 ($0.33) and a 52 week high of GBX 62.54 ($0.83). The stock has a market cap of £106.07 million, a price-to-earnings ratio of 586.25 and a beta of 0.10.

Insider Activity at Afentra

In other news, insider Anastasia Deulina sold 34,592 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of GBX 5,786 ($76.43), for a total value of £2,001,493.12 ($2,643,980.34). 53.87% of the stock is owned by corporate insiders.

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.