Africa Oil (OTCMKTS:AOIFF) Sets New 52-Week Low – Time to Sell?

Shares of Africa Oil Corp. (OTCMKTS:AOIFF) reached a new 52-week low during trading on Thursday . The company traded as low as $1.13 and last traded at $1.23, with a volume of 352852 shares. The stock had previously closed at $1.18.

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 Trading Up 4.2 %

The firm’s 50-day moving average is $1.34 and its 200-day moving average is $1.35. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01. The firm has a market cap of $827.94 million, a price-to-earnings ratio of -1.46 and a beta of 0.70.

Africa Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.0371 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 12.07%. The ex-dividend date is Thursday, March 27th. Africa Oil’s payout ratio is -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.