Africa Oil Corp. (OTCMKTS:AOIFF – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.39 and traded as low as $1.34. Africa Oil shares last traded at $1.35, with a volume of 76,621 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Barclays raised Africa Oil to a “strong-buy” rating in a research note on Tuesday, January 21st.
Check Out Our Latest Analysis on AOIFF
Africa Oil Trading Up 1.5 %
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.
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