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

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

WEN stock opened at GBX 20 ($0.26) on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 7.34. Wentworth Resources has a 12-month low of GBX 17.16 ($0.22) and a 12-month high of GBX 26 ($0.34). The stock has a market cap of $37.30 million and a price-to-earnings ratio of -0.54. The business’s 50-day moving average is GBX 20.36 and its 200 day moving average is GBX 20.95.

The company also recently disclosed a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 12th will be issued a GBX 0.45 ($0.01) dividend. This represents a yield of 2.22%. The ex-dividend date of this dividend is Thursday, September 12th. Wentworth Resources’s payout ratio is -0.03%.

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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