Africa Oil (OTCMKTS:AOIFF) Stock Crosses Below 200 Day Moving Average of $1.82

Africa Oil Corp. (OTCMKTS:AOIFF)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.82 and traded as low as $1.78. Africa Oil shares last traded at $1.79, with a volume of 40,797 shares.

Africa Oil Stock Up 0.6 %

The company has a market cap of $822.34 million, a P/E ratio of 9.94 and a beta of 1.04. The firm’s 50 day moving average is $1.70 and its two-hundred day moving average is $1.82.

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

Africa Oil Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a $0.025 dividend. The ex-dividend date was Thursday, March 7th. This represents a yield of 3.18%. Africa Oil’s payout ratio is 27.78%.

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.