Africa Oil (OTCMKTS:AOIFF) Share Price Passes Below Two Hundred Day Moving Average of $1.81

Africa Oil Corp. (OTCMKTS:AOIFF)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.81 and traded as low as $1.71. Africa Oil shares last traded at $1.84, with a volume of 109,796 shares.

Africa Oil Price Performance

The firm has a market capitalization of $845.31 million, a price-to-earnings ratio of 10.22 and a beta of 1.04. The business’s fifty day simple moving average is $1.70 and its 200 day simple moving average is $1.81.

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

Africa Oil Dividend Announcement

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

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.