Africa Oil Corp. (OTCMKTS:AOIFF – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 4,134,800 shares, a decline of 23.5% from the September 15th total of 5,407,500 shares. Based on an average daily trading volume, of 220,700 shares, the short-interest ratio is presently 18.7 days.
Africa Oil Trading Up 0.8 %
OTCMKTS:AOIFF opened at $1.33 on Monday. The stock has a 50 day moving average of $1.42 and a 200-day moving average of $1.66. The firm has a market capitalization of $593.55 million, a PE ratio of 9.50 and a beta of 1.00. Africa Oil has a 52 week low of $1.28 and a 52 week high of $2.00.
Africa Oil Announces Dividend
The company also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 9th were given a $0.025 dividend. The ex-dividend date was Monday, September 9th. Africa Oil’s dividend payout ratio (DPR) is presently 35.71%.
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.
Featured Articles
- Five stocks we like better than Africa Oil
- What Are Dividend Challengers?
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- What does consumer price index measure?
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Receive News & Ratings for Africa Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Africa Oil and related companies with MarketBeat.com's FREE daily email newsletter.