Zacks Investment Research lowered shares of Wentworth Resource (OTCMKTS:WENTF) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning, 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. “

Shares of Wentworth Resource stock remained flat at $$0.35 on Wednesday. 3,311 shares of the stock were exchanged. The firm’s 50 day simple moving average is $0.35 and its 200 day simple moving average is $0.35. Wentworth Resource has a 12 month low of $0.26 and a 12 month high of $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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