ValuEngine downgraded shares of Africa Oil Corp. (OTCMKTS:AOIFF) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Separately, Zacks Investment Research lowered shares of Africa Oil Corp. from a strong-buy rating to a hold rating in a research report on Tuesday, May 2nd.

Africa Oil Corp. (AOIFF) opened at 1.4192 on Friday. The stock’s 50 day moving average is $1.51 and its 200-day moving average is $1.62. The company’s market capitalization is $648.03 million. Africa Oil Corp. has a 52-week low of $1.36 and a 52-week high of $2.14.

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Africa Oil Corp. Company Profile

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Kenya and Ethiopia. It holds interests primarily in the East African Rift Basin. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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