Africa Oil Corp. (OTCMKTS:AOIFF) Short Interest Update

Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 29th, there was short interest totalling 2,331,700 shares, a growth of 18.8% from the February 14th total of 1,962,200 shares. Based on an average daily volume of 302,400 shares, the short-interest ratio is presently 7.7 days.

Africa Oil Stock Performance

OTCMKTS AOIFF remained flat at $1.55 during trading hours on Friday. 79,970 shares of the company's stock were exchanged, compared to its average volume of 73,998. The company has a 50 day moving average of $1.75 and a 200-day moving average of $1.91. Africa Oil has a 1 year low of $1.43 and a 1 year high of $2.48. The company has a market cap of $714.43 million, a PE ratio of 8.61 and a beta of 1.03.

Africa Oil (OTCMKTS:AOIFF - Get Free Report) last issued its earnings results on Monday, February 26th. The energy company reported ($0.20) earnings per share (EPS) for the quarter.

Africa Oil Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 8th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a dividend yield of 3.18%. Africa Oil's dividend payout ratio (DPR) is presently 27.78%.

About Africa Oil

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/appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.