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

Africa Oil Corp. (OTCMKTS:AOIFF) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,362,500 shares, a growth of 6.0% from the March 31st total of 2,228,800 shares. Based on an average daily volume of 126,000 shares, the days-to-cover ratio is currently 18.8 days.

Africa Oil Trading Up 1.7 %

OTCMKTS AOIFF opened at $1.87 on Tuesday. The stock has a fifty day simple moving average of $1.71 and a 200-day simple moving average of $1.81. The stock has a market cap of $859.10 million, a PE ratio of 10.39 and a beta of 1.04. Africa Oil has a twelve month low of $1.43 and a twelve month high of $2.48.

Africa Oil (OTCMKTS:AOIFF) last released its quarterly 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. Shareholders of record on Friday, March 8th were given a $0.025 dividend. This represents a yield of 3.18%. The ex-dividend date was Thursday, March 7th. 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.