Zacks Investment Research Downgrades Wentworth Resource (WENTF) to Sell

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Zacks Investment Research cut shares of Wentworth Resource (OTCMKTS:WENTF) from a hold rating to a sell rating in a research report released on Friday morning.

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 opened at $0.26 on Friday. Wentworth Resource has a 12 month low of $0.26 and a 12 month high of $0.26.

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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