Africa Oil Corp. (OTCMKTS:AOIFF – Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.
Analyst Upgrades and Downgrades
Separately, Barclays upgraded Africa Oil to a “strong-buy” rating in a report on Tuesday, January 21st.
View Our Latest Analysis on AOIFF
Africa Oil Price Performance
About Africa Oil
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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