Aminex plc (AEX) Coverage Initiated at Canaccord Genuity
Analysts at Canaccord Genuity began coverage on shares of Aminex plc (LON:AEX) in a research note issued to investors on Friday. The brokerage set a “speculative buy” rating and a GBX 3.50 ($0.04) price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 101.15% from the company’s previous close.
Separately, Shore Capital reissued a “house stock” rating on shares of Aminex plc in a report on Thursday, August 18th.
Aminex plc (LON:AEX) opened at 1.74 on Friday. The firm’s market cap is GBX 34.39 million. Aminex plc has a one year low of GBX 0.91 and a one year high of GBX 2.29. The firm’s 50 day moving average price is GBX 1.84 and its 200-day moving average price is GBX 1.56.
In related news, insider Bhattacherjee,Jay purchased 534,519 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were purchased at an average price of GBX 2 ($0.02) per share, with a total value of £10,690.38 ($13,356.30).
About Aminex plc
Aminex PLC is a United Kingdom-based gas and oil production, development and exploration company. The Company focuses on its licenses in Tanzania, including Kiliwani North Field, Ruvuma and Nyuni area acreage. The Kiliwani North Field is independently ascribed with approximately 30 billion cubic feet (BCF) gross contingent resource and focuses on producing dry clean gas under high natural pressure (over 1,600 per square inch (psi)) from the Neocomian late Cretaceous reservoir.
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