Africa Oil (OTCMKTS:AOIFF) Trading Down 1.1% – What’s Next?

Africa Oil Corp. (OTCMKTS:AOIFF) shares were down 1.1% on Thursday . The company traded as low as $1.33 and last traded at $1.33. Approximately 106,915 shares changed hands during trading, a decline of 8% from the average daily volume of 115,730 shares. The stock had previously closed at $1.35.

Africa Oil Stock Performance

The firm has a market capitalization of $587.80 million, a P/E ratio of -1.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.99 and a quick ratio of 8.99. The stock’s 50 day moving average is $1.34 and its two-hundred day moving average is $1.52.

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.