Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price shot up 33.3% during trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. 747,500 shares traded hands during mid-day trading, an increase of 273% from the average session volume of 200,419 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 price-to-earnings ratio of -0.24 and a beta of 1.06. The company has a debt-to-equity ratio of 13.68, a current ratio of 0.24 and a quick ratio of 28.20. The company’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is 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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