Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $1.23 and last traded at $1.30, with a volume of 344792 shares changing hands. The stock had previously closed at $1.26.
Wall Street Analyst Weigh In
Separately, Barclays raised shares of Africa Oil to a "strong-buy" rating in a research note on Tuesday, January 21st.
View Our Latest Research Report on AOIFF
Africa Oil Price Performance
The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average price is $1.35 and its two-hundred day moving average price is $1.36. The firm has a market capitalization of $571.95 million, a price-to-earnings ratio of -1.57 and a beta of 0.97.
Africa Oil Company Profile
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Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.
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