Africa Oil (OTCMKTS:AOIFF) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.31 and traded as high as $1.34. Africa Oil shares last traded at $1.32, with a volume of 108,612 shares.

Africa Oil Trading Up 2.0%

The company has a debt-to-equity ratio of 0.01, a current ratio of 8.99 and a quick ratio of 8.99. The company has a market cap of $893.94 million, a price-to-earnings ratio of -1.58 and a beta of 0.60. The business's 50-day simple moving average is $1.31 and its 200-day simple moving average is $1.34.

Africa Oil (OTCMKTS:AOIFF - Get Free Report) last announced its earnings results on Wednesday, May 14th. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $74.09 million for the quarter, compared to analyst estimates of $10.00 million. Research analysts predict that Africa Oil Corp. will post 0.18 earnings per share for the current fiscal year.

Africa Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were given a $0.0371 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date of this dividend was Thursday, March 27th. Africa Oil's dividend payout ratio is presently -26.92%.

Africa Oil Company Profile

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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