Wentworth Resource’s (WENTF) “Buy” Rating Reaffirmed at Zacks Investment Research

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. “

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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.

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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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