Zacks Investment Research reaffirmed their buy rating on shares of Wentworth Resource (OTCMKTS:WENTF) in a research note published on Saturday. The brokerage currently has a $0.50 price target on the stock.
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. “
WENTF stock opened at $0.38 on Friday. Wentworth Resource has a fifty-two week low of $0.38 and a fifty-two week high of $0.38.
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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