What Will Happen to Wentworth Resources Ltd Next? The Stock Just Declined A Lot

 What Will Happen to Wentworth Resources Ltd Next? The Stock Just Declined A Lot

The stock of Wentworth Resources Ltd (LON:WRL) is a huge mover today! The stock decreased 2.17% or GBX 0.5 on November 16, hitting GBX 22.5. About 85,886 shares traded hands. Wentworth Resources Ltd (LON:WRL) has declined 29.77% since April 18, 2016 and is downtrending. It has underperformed by 34.46% the S&P500.
The move comes after 8 months negative chart setup for the GBX company. It was reported on Nov, 16 by Barchart.com. We have GBX 19.35 PT which if reached, will make LON:WRL worth GBX less.

Wentworth Resources Ltd (LON:WRL) Ratings Coverage

Out of 5 analysts covering Wentworth Resources (LON:WRL), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Wentworth Resources has been the topic of 29 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, August 16 by FinnCap. FinnCap maintained it with “Buy” rating and GBX 59 target price in Thursday, March 3 report. The firm earned “Buy” rating on Wednesday, November 4 by FinnCap. The rating was maintained by FinnCap with “Buy” on Thursday, May 12. FinnCap maintained the shares of WRL in a report on Wednesday, January 6 with “Buy” rating. On Thursday, April 21 the stock rating was maintained by FinnCap with “Buy”. Panmure Gordon maintained it with “Buy” rating and GBX 47.50 target price in Friday, November 27 report. The firm earned “Buy” rating on Friday, January 8 by Investec. The firm has “Buy” rating by FinnCap given on Wednesday, January 13. The stock has “Speculative Buy” rating given by Canaccord Genuity on Thursday, August 25.

Wentworth Resources Limited is an energy firm with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique. The company has a market cap of GBP. The Firm has Rovuma Basin portfolio with producing natural gas reserves and prospective natural gas resources; gas processing and pipeline assets; multiple large-scale gas monetization projects in development, and ongoing exploration evaluation and development drilling programs. It currently has negative earnings. The Rovuma Onshore Block in northern Mozambique is onshore and forms part of the Rovuma Basin.

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