Peel Hunt Reiterates “Buy” Rating for Wentworth Resources (LON:WEN)

Peel Hunt reaffirmed their buy rating on shares of Wentworth Resources (LON:WEN) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

Shares of Wentworth Resources stock traded up GBX 0.50 ($0.01) during midday trading on Tuesday, hitting GBX 19.50 ($0.25). The company had a trading volume of 37,224 shares. Wentworth Resources has a 1-year low of GBX 17.16 ($0.22) and a 1-year high of GBX 24 ($0.31). The business’s 50 day simple moving average is GBX 19.33 and its two-hundred day simple moving average is GBX 20.03. The stock has a market cap of $34.69 million and a PE ratio of -0.53. The company has a debt-to-equity ratio of 7.34, a current ratio of 2.10 and a quick ratio of 2.08.

Wentworth Resources Company Profile

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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