Meren Energy (OTCMKTS:AOIFF) Shares Gap Down - Time to Sell?

Shares of Meren Energy Inc. (OTCMKTS:AOIFF - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $1.29, but opened at $1.25. Meren Energy shares last traded at $1.26, with a volume of 3,420 shares traded.

Meren Energy Price Performance

The stock has a market capitalization of $848.35 million, a price-to-earnings ratio of -2.42 and a beta of 0.60. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $1.32 and a 200-day moving average of $1.34.

Meren Energy (OTCMKTS:AOIFF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The energy company reported $0.02 earnings per share for the quarter, topping the consensus estimate 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. On average, equities research analysts predict that Meren Energy Inc. will post 0.18 EPS for the current fiscal 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.

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