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  5. AOI: I have held this company hoping it would go back up. [Africa Oil Corp.]
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Investment Q&A

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Q: I have held this company hoping it would go back up. Is it a hold, sell or buy? Thanks
Asked by Marjorie on August 19, 2024
5i Research Answer:

AOI has lots of cash, a cheap valuation and very rapidly growing revenue and earnings as wells come onto production over the next two years. It is fairly small and needs to be considering high risk, but we would see it as a BUY for small cap sector investors.