Bryan M. Benitz Sells 10,000 Shares of Africa Oil Corp (AOI) Stock

Africa Oil Corp (TSE:AOI) Director Bryan M. Benitz sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of C$2.23, for a total transaction of C$22,300.00.

Shares of Africa Oil Corp (TSE:AOI) traded down 2.84% on Friday, hitting $2.05. 30,500 shares of the stock traded hands. The stock has a 50-day moving average price of $2.20 and a 200 day moving average price of $2.28. Africa Oil Corp has a 12-month low of $1.71 and a 12-month high of $2.81. The stock’s market cap is $935.65 million.

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Several equities research analysts have recently issued reports on AOI shares. BMO Capital Markets increased their price objective on shares of Africa Oil Corp from C$2.50 to C$3.00 in a research report on Tuesday, January 10th. TD Securities dropped their price objective on shares of Africa Oil Corp from C$3.75 to C$3.50 and set a “speculative buy” rating for the company in a research report on Thursday, March 2nd. Scotiabank reissued a “sector perform” rating and issued a C$3.00 price objective on shares of Africa Oil Corp in a research report on Tuesday, February 28th. Finally, Macquarie increased their price objective on shares of Africa Oil Corp from C$3.23 to C$3.24 in a research report on Thursday, January 5th.

About Africa Oil Corp

Africa Oil Corp. (AOC) is a Canada-based oil and gas exploration and development company. The Company has oil and gas interest in Kenya and Ethiopia. The Company focuses on the acquisition, exploration and development of oil and gas assets, located in under-explored geographic areas, in the early phase of the upstream oil and gas life-cycle.

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