Wentworth Resource (OTCMKTS:WENTF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Wentworth Resources Ltd. is an oil & gas company with: natural gas production; exploration and appraisal opportunities; large-scale gas monetisation initiatives primarily in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique. Wentworth Resources Ltd. is headquartered in Calgary, Canada. “

WENTF stock remained flat at $$0.35 during midday trading on Tuesday. The company had a trading volume of 3,311 shares. Wentworth Resource has a fifty-two week low of $0.26 and a fifty-two week high of $0.35. The company’s fifty day simple moving average is $0.35 and its 200 day simple moving average is $0.35.

About Wentworth Resource

Wentworth Resources Limited, an independent energy company, engages in the exploration, development, production, and transportation of natural gas and other hydrocarbons in Tanzania and Mozambique. It primarily holds 31.94% interest in the Mnazi Bay concession covering an area of approximately 756 square kilometers in south-eastern Tanzania; and 85% participating interest in the Rovuma Onshore Block in northern Mozambique.

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