Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price was up 10% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 43,100 shares were traded during trading, a decline of 69% from the average daily volume of 139,581 shares. The stock had previously closed at C$0.05.
Africa Energy Stock Performance
The company has a market cap of C$77.55 million, a PE ratio of -0.42 and a beta of 1.34. The company has a current ratio of 11.38, a quick ratio of 28.20 and a debt-to-equity ratio of 5.18. The business has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.09.
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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