Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price was down 14.3% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 513,000 shares changed hands during mid-day trading, an increase of 435% from the average daily volume of 95,804 shares. The stock had previously closed at C$0.04.
Africa Energy Price Performance
The company has a current ratio of 0.25, a quick ratio of 28.20 and a debt-to-equity ratio of 28.69. The stock has a market capitalization of C$29.69 million, a PE ratio of -0.14 and a beta of 1.06. The firm has a 50 day moving average price of C$0.04 and a 200 day moving average price 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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