Africa Energy Corp. (CVE:AFE – Get Free Report)’s share price rose 33.3% during mid-day trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 691,000 shares changed hands during mid-day trading, an increase of 420% from the average daily volume of 132,835 shares. The stock had previously closed at C$0.03.
Africa Energy Stock Performance
The company has a current ratio of 0.24, a quick ratio of 28.20 and a debt-to-equity ratio of 13.68. The company has a market cap of C$56.40 million, a PE ratio of -0.21 and a beta of 1.06. The business has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.03.
About Africa Energy
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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