Africa Oil (OTCMKTS:AOIFF) Reaches New 52-Week Low – What’s Next?

Africa Oil Corp. (OTCMKTS:AOIFF)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $1.22 and last traded at $1.28, with a volume of 496307 shares changing hands. The stock had previously closed at $1.39.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Africa Oil to a “strong-buy” rating in a research note on Tuesday, January 21st.

Africa Oil Trading Down 7.9 %

The firm has a market capitalization of $554.62 million, a P/E ratio of -1.52 and a beta of 0.97. The stock has a 50-day simple moving average of $1.36 and a two-hundred day simple moving average of $1.35. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01.

Africa Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be paid a $0.0371 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend is Thursday, March 27th. Africa Oil’s dividend payout ratio (DPR) is presently -22.58%.

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.