Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.40 and traded as low as $1.29. Africa Oil shares last traded at $1.30, with a volume of 109,212 shares changing hands.
Wall Street Analyst Weigh In
Separately, Barclays raised Africa Oil to a "strong-buy" rating in a report on Tuesday, January 21st.
Read Our Latest Research Report on Africa Oil
Africa Oil Stock Down 2.1 %
The firm's 50 day simple moving average is $1.36 and its two-hundred day simple moving average is $1.40. The firm has a market cap of $569.84 million, a price-to-earnings ratio of -1.55 and a beta of 1.01. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01.
About Africa Oil
(
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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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