Meren Energy Inc. (OTCMKTS:AOIFF – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.27 and traded as high as $1.29. Meren Energy shares last traded at $1.2840, with a volume of 46,482 shares trading hands.
Meren Energy Price Performance
The stock has a market capitalization of $867.36 million, a PE ratio of -2.47 and a beta of 0.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.25 and a quick ratio of 1.05. The stock’s fifty day moving average is $1.27 and its 200-day moving average is $1.28.
Meren Energy 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. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp.
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