Africa Oil (OTCMKTS:AOIFF) Hits New 52-Week Low – Here’s What Happened

Africa Oil Corp. (OTCMKTS:AOIFF)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $1.25 and last traded at $1.26, with a volume of 97194 shares trading hands. The stock had previously closed at $1.27.

Africa Oil Trading Down 1.6 %

The business has a fifty day moving average price of $1.35 and a two-hundred day moving average price of $1.60. The firm has a market capitalization of $558.21 million, a PE ratio of -14.00 and a beta of 1.00.

Africa Oil Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 9th were given a dividend of $0.025 per share. The ex-dividend date was Monday, September 9th. Africa Oil’s dividend payout ratio is presently -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.