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