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

Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 4,134,800 shares, a decline of 23.5% from the September 15th total of 5,407,500 shares. Based on an average trading volume of 220,700 shares, the short-interest ratio is presently 18.7 days.

Africa Oil Trading Up 0.8 %

Shares of OTCMKTS:AOIFF traded up $0.01 during trading on Friday, reaching $1.33. The stock had a trading volume of 61,233 shares, compared to its average volume of 109,967. The firm's 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.66. Africa Oil has a one year low of $1.28 and a one year high of $2.00. The company has a market capitalization of $593.55 million, a P/E ratio of 9.50 and a beta of 1.00.

Africa Oil Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 9th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, September 9th. Africa Oil's dividend payout ratio is currently 35.71%.

Africa Oil Company Profile

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.