Africa Oil (OTCMKTS:AOIFF) Sets New 1-Year Low – What’s Next?

Africa Oil Corp. (OTCMKTS:AOIFF)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $1.23 and last traded at $1.30, with a volume of 344792 shares trading hands. The stock had previously closed at $1.26.

Analyst Upgrades and Downgrades

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

Africa Oil Trading Up 3.2 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.99 and a current ratio of 8.99. The stock has a market capitalization of $567.58 million, a P/E ratio of -1.55 and a beta of 1.01. The stock has a 50-day moving average price of $1.35 and a two-hundred day moving average price of $1.36.

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.