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Africa Oil (OTCMKTS:AOIFF) Stock Passes Below 200 Day Moving Average - Here's Why

Africa Oil logo with Oils/Energy background

Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.59 and traded as low as $1.30. Africa Oil shares last traded at $1.32, with a volume of 182,555 shares trading hands.

Africa Oil Trading Down 4.2 %

The firm has a 50-day simple moving average of $1.34 and a two-hundred day simple moving average of $1.59. The company has a market capitalization of $586.56 million, a price-to-earnings ratio of -14.71 and a beta of 1.00.

Africa Oil Announces Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 9th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, September 9th. Africa Oil's dividend payout ratio is currently -55.56%.

Africa Oil Company Profile

(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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