Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.34 and traded as low as $1.29. Africa Oil shares last traded at $1.30, with a volume of 138,048 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Barclays upgraded Africa Oil to a "strong-buy" rating in a report on Tuesday, January 21st.
Check Out Our Latest Stock Analysis on Africa Oil
Africa Oil Stock Performance
The firm has a fifty day moving average of $1.33 and a 200-day moving average of $1.34. The firm has a market cap of $877.07 million, a P/E ratio of -1.55 and a beta of 0.60. The company has a quick ratio of 8.99, a current ratio of 8.99 and a debt-to-equity ratio of 0.01.
Africa Oil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.0371 per share. This represents a $0.15 dividend on an annualized basis and a yield of 11.42%. The ex-dividend date was Thursday, March 27th. Africa Oil's dividend payout ratio (DPR) is currently -22.58%.
About Africa Oil
(
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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