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

Africa Oil Corp. (OTCMKTS:AOIFF)’s share 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 changing hands.

Africa Oil Price Performance

The firm has a market capitalization of $605.93 million, a PE ratio of -1.64 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. The stock has a 50-day moving average price of $1.37 and a 200 day moving average price of $1.45.

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.