Meren Energy (OTCMKTS:AOIFF) Shares Cross Below 200 Day Moving Average – What’s Next?

Meren Energy Inc. (OTCMKTS:AOIFF)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.30 and traded as low as $1.25. Meren Energy shares last traded at $1.26, with a volume of 16,991 shares changing hands.

Meren Energy Stock Down 0.2%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.25 and a quick ratio of 1.05. The stock has a market capitalization of $849.12 million, a P/E ratio of -2.42 and a beta of 0.60. The stock’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.30.

Meren Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 5th. Shareholders of record on Thursday, August 21st were given a dividend of $0.0371 per share. This represents a yield of 1,200.0%. The ex-dividend date was Wednesday, August 20th. This is a boost from Meren Energy’s previous dividend of $0.03. Meren Energy’s dividend payout ratio is -28.85%.

About Meren Energy

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.