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

Africa Oil Corp. (OTCMKTS:AOIFF)’s share 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 changing hands.

Africa Oil Stock Performance

The company has a market cap of $845.31 million, a PE ratio of 10.22 and a beta of 1.04. The stock’s 50 day moving average price is $1.70 and its 200-day moving average price is $1.81.

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

Africa Oil Announces Dividend

The company also recently disclosed 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 dividend yield of 3.18%. The ex-dividend date of this dividend 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.