Africa Oil Corp (OTCMKTS:AOIFF)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.94 and traded as high as $0.90. Africa Oil shares last traded at $0.90, with a volume of 8,300 shares traded.
Separately, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
The firm has a 50-day moving average price of $0.94.
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 also holds an interest in a producing asset in deep-water Nigeria. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp.
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