Africa Oil (OTCMKTS:AOIFF) Share Price Crosses Below 200 Day Moving Average of $1.79

Shares of Africa Oil Corp. (OTCMKTS:AOIFF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.79 and traded as low as $1.75. Africa Oil shares last traded at $1.75, with a volume of 34,568 shares trading hands.

Africa Oil Price Performance

The stock has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $1.79. The firm has a market cap of $813.16 million, a PE ratio of 6.46 and a beta of 1.02.

Africa Oil (OTCMKTS:AOIFF) last posted its quarterly earnings results on Wednesday, May 15th. The energy company reported $0.01 earnings per share (EPS) for the quarter.

Africa Oil Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a $0.025 dividend. The ex-dividend date was Thursday, March 7th. This represents a yield of 3.18%. Africa Oil’s dividend payout ratio (DPR) is presently 35.71%.

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.