Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) were up 16.7% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 155,000 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 90,800 shares. The stock had previously closed at C$0.03.
Africa Energy Stock Performance
The company has a market capitalization of C$63.45 million, a P/E ratio of -0.24 and a beta of 1.06. The stock’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24.
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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