Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.13 and last traded at $1.23, with a volume of 352852 shares changing hands. The stock had previously closed at $1.18.
Analyst Ratings Changes
Separately, Barclays upgraded Africa Oil to a "strong-buy" rating in a research report on Tuesday, January 21st.
Check Out Our Latest Stock Analysis on AOIFF
Africa Oil Trading Up 2.0 %
The business's 50 day moving average price is $1.34 and its 200-day moving average price is $1.35. The company has a market cap of $848.14 million, a price-to-earnings ratio of -1.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.99 and a current ratio of 8.99.
Africa Oil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.0371 per share. This represents a $0.15 dividend on an annualized basis and a yield of 11.78%. The ex-dividend date was Thursday, March 27th. Africa Oil's dividend payout ratio is -22.58%.
Africa Oil Company Profile
(
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.
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