Africa Oil (OTCMKTS:AOIFF) Shares Pass Below Two Hundred Day Moving Average of $1.80

Shares of Africa Oil Corp. (OTCMKTS:AOIFF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.80 and traded as low as $1.80. Africa Oil shares last traded at $1.80, with a volume of 39,011 shares.

Africa Oil Price Performance

The company has a market capitalization of $826.94 million, a price-to-earnings ratio of 10.00 and a beta of 1.02. The firm’s 50-day simple moving average is $1.72 and its two-hundred day simple moving average is $1.80.

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

Africa Oil Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders 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 dividend payout ratio is currently 27.78%.

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.