Africa Oil Corp (AOI) Price Target Lowered to C$3.00 at Royal Bank Of Canada

Africa Oil Corp (CVE:AOI) had its target price cut by Royal Bank Of Canada from C$3.20 to C$3.00 in a research note released on Monday morning. They currently have an outperform rating on the stock.

Separately, CSFB decreased their target price on shares of Africa Oil Corp from C$2.80 to C$2.00 and set a neutral rating on the stock in a research report on Wednesday, September 20th.

Shares of Africa Oil Corp (CVE:AOI) traded down C$0.02 during mid-day trading on Monday, hitting C$1.55. 52,678 shares of the stock traded hands, compared to its average volume of 112,752. Africa Oil Corp has a 1 year low of C$1.48 and a 1 year high of C$2.81.

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About Africa Oil Corp

Africa Oil Corp. (AOC) is a Canada-based international oil and gas exploration and development company. The Company has oil and gas interests in Kenya, Ethiopia, Puntland (Somalia), and Mali. The Company has acquired and commenced exploration activities on multiple exploration Blocks in East Africa. The Company holds exploration acreage of over 300,000 square kilometers (gross) in the exploration play fairway.

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