Zacks Investment Research reiterated their buy rating on shares of Wentworth Resource (OTCMKTS:WENTF) in a report published on Saturday morning. They currently have a $0.50 target price 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. “
Shares of WENTF stock opened at $0.38 on Friday. Wentworth Resource has a 1 year low of $0.38 and a 1 year high of $0.38.
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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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