Africa Oil (OTCMKTS:AOIFF) Reaches New 12-Month Low – Here’s Why

Africa Oil Corp. (OTCMKTS:AOIFF) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.24 and last traded at $1.24, with a volume of 137045 shares changing hands. The stock had previously closed at $1.29.

Africa Oil Stock Down 3.9 %

The firm has a market capitalization of $549.34 million, a PE ratio of -14.33 and a beta of 1.00. The stock has a 50-day simple moving average of $1.33 and a 200-day simple moving average of $1.58.

Africa Oil Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 9th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, September 9th. Africa Oil’s payout ratio is currently -55.56%.

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.