Africa Energy Corp. (CVE:AFE – Get Free Report) shares fell 16.7% on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. 240,300 shares changed hands during trading, an increase of 71% from the average session volume of 140,442 shares. The stock had previously closed at C$0.06.
Africa Energy Price Performance
The business’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The stock has a market capitalization of C$70.50 million, a price-to-earnings ratio of -0.50 and a beta of 1.34. The company has a quick ratio of 28.20, a current ratio of 11.38 and a debt-to-equity ratio of 5.18.
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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