Africa Oil Corp.

Africa Oil Corp.verified

AOI.TO

Price:

$1.82

Market Cap:

$593.26M

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development 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 assets in Guyana, Kenya, Namibia, Nigeria, South Africa, Ethiopia, and in the Senegal Guinea Bissau Joint Development Zone. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. was incorporated in 1983 and is headquartered in Vancouver, Canada.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

1996-08-08

Stock Exchange

TSX

Ticker

AOI.TO

The Current Ratio as of September 2024 (TTM) for Africa Oil Corp. (AOI.TO) is 7.46

According to Africa Oil Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 7.46. This represents a change of -19.09% compared to the average of 9.22 of the last 4 quarters.

Africa Oil Corp. (AOI.TO) Historical Current Ratio (quarterly & annually)

How has AOI.TO Current Ratio performed in the past?

The mean historical Current Ratio of Africa Oil Corp. over the last ten years is 7.91. The current 7.46 Current Ratio has changed 9.33% with respect to the historical average. Over the past ten years (40 quarters), AOI.TO's Current Ratio was at its highest in in the June 2022 quarter at 18.58. The Current Ratio was at its lowest in in the March 2021 quarter at 0.21.

Quarterly (TTM)
Annual

Average

7.91

Median

7.79

Minimum

1.07

Maximum

15.74

Africa Oil Corp. (AOI.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Africa Oil Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 737.78%

Maximum Annual Current Ratio = 15.74

Minimum Annual Increase = -87.55%

Minimum Annual Current Ratio = 1.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
202310.58134.22%
20224.52-42.17%
20217.81134.00%
20203.34-56.99%
20197.76-34.54%
201811.86-18.45%
201714.55-7.62%
201615.74737.78%
20151.8875.83%
20141.07-87.55%

Africa Oil Corp. (AOI.TO) Average Current Ratio

How has AOI.TO Current Ratio performed in the past?

The current Current Ratio of Africa Oil Corp. (AOI.TO) is less than than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

7.64

5-year avg

6.80

10-year avg

7.91

Africa Oil Corp. (AOI.TO) Current Ratio vs. Peers

How is AOI.TO’s Current Ratio compared to its peers?

Africa Oil Corp.’s Current Ratio is greater than Gear Energy Ltd. (0.95), greater than Journey Energy Inc. (0.68), greater than Headwater Exploration Inc. (1.53), greater than Frontera Energy Corporation (0.97), greater than International Petroleum Corporation (2.97),

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