Africa Oil (OTCMKTS:AOIFF) Share Price Passes Below 200 Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemAfrica Oil Corp. (OTCMKTS:AOIFF – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.45 and traded as low as $1.42. Africa Oil shares last traded at $1.47, with a volume of 88,536 shares.
Africa Oil Stock Down 2.1 %
The firm has a market cap of $605.93 million, a price-to-earnings ratio of -1.64 and a beta of 1.00. The business has a fifty day simple moving average of $1.37 and a 200 day simple moving average of $1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.99 and a quick ratio of 8.99.
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.
See Also
- Five stocks we like better than Africa Oil
- How Can Investors Benefit From After-Hours Trading
- AI Demand Sparks Opportunities for These 3 Nuclear Energy Leaders
- EV Stocks and How to Profit from Them
- TSMC: Long-Term Outlook Still Strong as Geopolitical Risk Rises
- How to Capture the Benefits of Dividend Increases
- Uber’s NVIDIA Deal and Buybacks Signal Major Upside