Africa Oil (OTCMKTS:AOIFF) Reaches New 12-Month Low – Time to Sell?

Shares of Africa Oil Corp. (OTCMKTS:AOIFF) reached a new 52-week low during trading on Friday . The stock traded as low as $1.22 and last traded at $1.28, with a volume of 496307 shares trading hands. The stock had previously closed at $1.39.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Africa Oil to a “strong-buy” rating in a report on Tuesday, January 21st.

Africa Oil Stock Performance

The firm has a market capitalization of $554.62 million, a PE ratio of -1.52 and a beta of 0.97. The business has a 50-day simple moving average of $1.36 and a 200-day simple moving average of $1.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.99 and a quick ratio of 8.99.

Africa Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be given a $0.0371 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.15 dividend on an annualized basis and a yield of 11.59%. Africa Oil’s dividend payout ratio is presently -22.58%.

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.