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

Africa Oil Corp. (OTCMKTS:AOIFF)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.37 and traded as low as $1.32. Africa Oil shares last traded at $1.33, with a volume of 91,829 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Africa Oil to a “strong-buy” rating in a report on Tuesday, January 21st.

Africa Oil Stock Performance

The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $1.35 and a 200-day moving average price of $1.37. The firm has a market capitalization of $582.60 million, a price-to-earnings ratio of -1.59 and a beta of 1.01.

Africa Oil Company Profile

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.