Africa Oil (OTCMKTS:AOIFF) Hits New 52-Week Low - Time to Sell?

Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $1.22 and last traded at $1.28, with a volume of 496307 shares trading hands. The stock had previously closed at $1.39.

Analysts Set New Price Targets

Separately, Barclays raised shares of Africa Oil to a "strong-buy" rating in a research note on Tuesday, January 21st.

Africa Oil Trading Up 4.2 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.99 and a current ratio of 8.99. The firm has a market capitalization of $827.94 million, a P/E ratio of -1.46 and a beta of 0.70. The firm has a 50 day simple moving average of $1.35 and a two-hundred day simple moving average of $1.35.

Africa Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be issued a dividend of $0.0371 per share. This represents a $0.15 annualized dividend and a yield of 12.07%. The ex-dividend date is Thursday, March 27th. Africa Oil's dividend payout ratio (DPR) is presently -22.58%.

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