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Africa Oil (OTCMKTS:AOIFF) Share Price Passes Below 200 Day Moving Average - Should You Sell?

Africa Oil logo with Oils/Energy background

Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.57 and traded as low as $1.35. Africa Oil shares last traded at $1.40, with a volume of 117,082 shares trading hands.

Africa Oil Stock Down 2.1 %

The company's 50-day moving average price is $1.32 and its 200-day moving average price is $1.56. The firm has a market cap of $620.23 million, a price-to-earnings ratio of -1.67 and a beta of 1.00.

Africa Oil Company Profile

(Get Free Report)

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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