Africa Oil (OTCMKTS:AOIFF) Hits New 12-Month Low – Should You Sell?

Shares of Africa Oil Corp. (OTCMKTS:AOIFF) hit 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. The stock had previously closed at $1.29.

Africa Oil Stock Up 0.8 %

The company has a 50 day moving average of $1.32 and a 200-day moving average of $1.58. The stock has a market capitalization of $571.50 million, a P/E ratio of -14.22 and a beta of 1.00.

Africa Oil Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 9th were issued a dividend of $0.025 per share. The ex-dividend date was Monday, September 9th. Africa Oil’s dividend 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.