Meren Energy (OTCMKTS:AOIFF) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Meren Energy Inc. (OTCMKTS:AOIFF - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.32 and traded as low as $1.29. Meren Energy shares last traded at $1.30, with a volume of 37,876 shares.

Meren Energy Price Performance

The stock has a market cap of $864.65 million, a price-to-earnings ratio of -2.46 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.33. The company has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.32.

Meren Energy (OTCMKTS:AOIFF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The company had revenue of $74.09 million for the quarter, compared to analysts' expectations of $10.00 million. As a group, equities research analysts forecast that Meren Energy Inc. will post 0.18 EPS for the current year.

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.