Africa Oil (OTCMKTS:AOIFF) Reaches New 52-Week Low – Here’s Why

by · The Markets Daily

Africa Oil Corp. (OTCMKTS:AOIFF – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.25 and last traded at $1.26, with a volume of 97194 shares. The stock had previously closed at $1.27.

Africa Oil Price Performance

The firm has a market cap of $562.31 million, a price-to-earnings ratio of 9.07 and a beta of 1.00. The firm’s 50 day moving average price is $1.36 and its 200-day moving average price is $1.61.

Africa Oil Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 9th were given a dividend of $0.025 per share. The ex-dividend date was Monday, September 9th. Africa Oil’s dividend payout ratio is 35.71%.

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.

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