Wentworth Resources’ (WEN) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt restated their buy rating on shares of Wentworth Resources (LON:WEN) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports.

Shares of Wentworth Resources stock opened at GBX 19.50 ($0.25) on Wednesday. Wentworth Resources has a 12-month low of GBX 17.16 ($0.22) and a 12-month high of GBX 27 ($0.35). The company has a market cap of $36.37 million and a PE ratio of -0.48. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 10.66. The business’s 50 day moving average is GBX 19.94.

In related news, insider Katherine Roe acquired 91,666 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were bought at an average price of GBX 22 ($0.29) per share, for a total transaction of £20,166.52 ($26,351.13).

About Wentworth Resources

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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