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Meren Energy (OTCMKTS:AOIFF) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Written by MarketBeat
Updated August 20, 2025
Meren Energy logo with Energy background

Key Points

  • Meren Energy's stock price fell below its two hundred-day moving average of $1.31, trading as low as $1.20, with the latest price at $1.21.
  • The company reported earnings of $0.02 per share for the last quarter, significantly beating estimates, with revenues of $74.09 million compared to an expected $10.00 million.
  • Meren Energy has a current market cap of $817.37 million and a debt-to-equity ratio of 0.44, suggesting a moderate financial leverage position.
  • Five stocks to consider instead of Meren Energy.

Meren Energy Inc. (OTCMKTS:AOIFF - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.31 and traded as low as $1.20. Meren Energy shares last traded at $1.21, with a volume of 198,729 shares changing hands.

Meren Energy Stock Up 0.1%

The company has a market capitalization of $838.31 million, a P/E ratio of -2.39 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 firm's fifty day moving average is $1.26 and its 200-day moving average is $1.31.

Meren Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 5th. Investors of record on Thursday, August 21st will be issued a dividend of $0.0371 per share. This is a boost from Meren Energy's previous dividend of $0.03. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a dividend yield of 1,200.0%. Meren Energy's payout ratio is presently -28.85%.

About Meren Energy

(Get Free Report)

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.

See Also

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