Africa Oil (OTCMKTS:AOIFF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Africa Oil Corp. is an oil and gas exploration and development company. The Company owns interests in exploration licenses in Kenya, Ethiopia, the Republic of Mali, and Somalia. Africa Oil Corp. is headquartered in Vancouver, Canada. “

Shares of Africa Oil (OTCMKTS AOIFF) traded down $0.01 during trading hours on Wednesday, hitting $1.09. The stock had a trading volume of 149,957 shares, compared to its average volume of 22,955. Africa Oil has a 52 week low of $1.03 and a 52 week high of $2.14.

ILLEGAL ACTIVITY NOTICE: “Africa Oil (AOIFF) Downgraded to Hold at Zacks Investment Research” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/12/20/africa-oil-aoiff-downgraded-to-hold-at-zacks-investment-research.html.

Africa Oil 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.

Receive News & Ratings for Africa Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Africa Oil and related companies with MarketBeat.com's FREE daily email newsletter.