Meren Energy (OTCMKTS:AOIFF) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Meren Energy Inc. (OTCMKTS:AOIFF)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.28 and traded as high as $1.38. Meren Energy shares last traded at $1.3225, with a volume of 138,624 shares trading hands.

Meren Energy Trading Down 2.8%

The company has a market cap of $893.37 million, a price-to-earnings ratio of -2.54 and a beta of 0.53. The company’s fifty day moving average price is $1.28 and its two-hundred day moving average price is $1.28. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 0.42.

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.