Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.34 and traded as low as $1.31. Africa Oil shares last traded at $1.31, with a volume of 12,032 shares trading hands.
Wall Street Analyst Weigh In
Separately, Barclays upgraded shares of Africa Oil to a "strong-buy" rating in a research report on Tuesday, January 21st.
View Our Latest Stock Report on AOIFF
Africa Oil Price Performance
The firm has a 50 day moving average price of $1.33 and a 200-day moving average price of $1.34. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $877.07 million, a P/E ratio of -1.55 and a beta of 0.70.
Africa Oil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were issued a $0.0371 dividend. 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 is presently -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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