Zacks Investment Research upgraded shares of Wentworth Resource (OTCMKTS:WENTF) from a sell rating to a hold rating in a research note published on Friday.
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. “
Wentworth Resource stock traded down $0.08 during mid-day trading on Friday, hitting $0.30. 525 shares of the company’s stock were exchanged. Wentworth Resource has a fifty-two week low of $0.38 and a fifty-two week high of $0.38.
About Wentworth Resource
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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