Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.34 and traded as low as $1.28. Africa Oil shares last traded at $1.32, with a volume of 109,198 shares traded.
Analyst Upgrades and Downgrades
Separately, Barclays upgraded Africa Oil to a "strong-buy" rating in a research report on Tuesday, January 21st.
View Our Latest Analysis on Africa Oil
Africa Oil Price Performance
The company's 50 day simple moving average is $1.34 and its 200 day simple moving average is $1.34. 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 stock has a market cap of $905.76 million, a P/E ratio of -1.60 and a beta of 0.70.
Africa Oil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors 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 11.03%. The ex-dividend date of this dividend was Thursday, March 27th. Africa Oil's dividend payout ratio is currently -22.58%.
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.
See Also
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