Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price was up 28.6% on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 223,877 shares were traded during trading, an increase of 179% from the average daily volume of 80,340 shares. The stock had previously closed at C$0.04.
Africa Energy Price Performance
The firm’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.03. The firm has a market capitalization of C$44.54 million, a PE ratio of -0.21 and a beta of 1.06. The company has a quick ratio of 28.20, a current ratio of 0.25 and a debt-to-equity ratio of 28.69.
Africa Energy Company Profile
Africa Energy Corp. operates as an oil and gas exploration and production company in South Africa and Namibia. The company focuses on potential gas condensate development on Block 11B/12B offshore in South Africa. It also holds interest in the Block 2B offshore the Republic of South Africa. The company was formerly known as Horn Petroleum Corporation and changed its name to Africa Energy Corp.
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