Shares of Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.42 and traded as low as $1.30. Africa Oil shares last traded at $1.31, with a volume of 113,423 shares.
Analysts Set New Price Targets
Separately, Barclays upgraded Africa Oil to a "strong-buy" rating in a research report on Tuesday, January 21st.
Read Our Latest Analysis on Africa Oil
Africa Oil Trading Up 1.1 %
The stock's fifty day simple moving average is $1.37 and its 200 day simple moving average is $1.42. The firm has a market capitalization of $579.59 million, a PE ratio of -1.57 and a beta of 1.00. The company has a quick ratio of 8.99, a current ratio of 8.99 and a debt-to-equity ratio of 0.01.
About Africa Oil
(
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.
Featured Stories
Before you consider Africa Oil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Africa Oil wasn't on the list.
While Africa Oil currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
