Meren Energy Inc. (OTCMKTS:AOIFF – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.29 and traded as low as $1.2260. Meren Energy shares last traded at $1.24, with a volume of 138,550 shares changing hands.
Meren Energy Stock Down 1.4%
The stock has a market cap of $837.64 million, a price-to-earnings ratio of -2.38 and a beta of 0.53. The firm has a 50 day simple moving average of $1.29 and a two-hundred day simple moving average of $1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.25 and a quick ratio of 1.05.
About Meren Energy
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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