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

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

Africa Oil Stock Down 3.9 %

The firm has a 50 day moving average of $1.33 and a 200 day moving average of $1.58. The firm has a market cap of $549.34 million, a price-to-earnings ratio of -14.33 and a beta of 1.00.

Africa Oil Dividend Announcement

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

Africa Oil Company Profile

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.