Wentworth Resources (LON:WEN) Stock Rating Reaffirmed by Peel Hunt
Peel Hunt reiterated their buy rating on shares of Wentworth Resources (LON:WEN) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports.
Shares of WEN remained flat at $GBX 19.50 ($0.25) during mid-day trading on Wednesday. The stock had a trading volume of 62,984 shares. Wentworth Resources has a 1 year low of GBX 17.16 ($0.22) and a 1 year high of GBX 27 ($0.35). The company has a debt-to-equity ratio of 10.66, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $36.37 million and a price-to-earnings ratio of -0.48. The firm has a 50-day simple moving average of GBX 19.92.
In related news, insider Katherine Roe bought 91,666 shares of the stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average price of GBX 22 ($0.29) per share, for a total transaction of £20,166.52 ($26,351.13).
Wentworth Resources plc, an independent oil and gas company, engages in the exploration, development, production, and transportation of natural gas and other hydrocarbons. Its principal assets include the Rovuma onshore block covering an area of approximately 2,500 square kilometers located in northern Mozambique; and the Mnazi Bay concession covering an area of approximately 756 square kilometers situated in south-eastern Tanzania.
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