Wentworth Resource (WENTF) Lifted to Hold at Zacks Investment Research

Wentworth Resource (OTCMKTS:WENTF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

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 traded down $0.08 during trading on Friday, hitting $0.30. The company’s stock had a trading volume of 525 shares. Wentworth Resource has a 52 week low of $0.38 and a 52 week high of $0.38.

Wentworth Resource Company Profile

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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