Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.
Analyst Upgrades and Downgrades
Separately, Barclays upgraded shares of Africa Oil to a "strong-buy" rating in a report on Tuesday, January 21st.
Check Out Our Latest Stock Report on Africa Oil
Africa Oil Stock Performance
The stock has a 50-day moving average of $1.33 and a 200 day moving average of $1.34. The stock has a market cap of $877.07 million, a PE ratio of -1.55 and a beta of 0.70. 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 company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were given a dividend of $0.0371 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.15 annualized dividend and a dividend yield of 11.42%. Africa Oil's payout ratio is -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.
Further Reading
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