Africa Oil (AOI) Shares Cross Below 200 DMA

In trading on Wednesday, shares of Africa Oil Corp (TSXV: AOI.TO) crossed below their 200 day moving average of $8.02, changing hands as low as $7.94 per share. Africa Oil Corp shares are currently trading down about 3.5% on the day. The chart below shows the one year performance of AOI shares, versus its 200 day moving average:

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Africa Oil Corp 200 Day Moving Average Chart

Looking at the chart above, AOI's low point in its 52 week range is $5.51 per share, with $10.61 as the 52 week high point — that compares with a last trade of $8.10.

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