Africa Oil (OTCMKTS:AOIFF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Africa Oil Corp. (OTCMKTS:AOIFFGet 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

The stock has a market cap of $573.00 million, a P/E ratio of -1.55 and a beta of 1.00. The business’s 50 day moving average price is $1.37 and its two-hundred day moving average price is $1.42. 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

(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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