Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price dropped 41.7% on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 371,002 shares traded hands during trading, an increase of 164% from the average daily volume of 140,533 shares. The stock had previously closed at C$0.06.
Africa Energy Stock Performance
The firm’s 50 day moving average is C$0.08 and its 200-day moving average is C$0.09. The stock has a market capitalization of C$49.35 million, a price-to-earnings ratio of -0.50 and a beta of 1.34. The company has a debt-to-equity ratio of 5.18, a quick ratio of 28.20 and a current ratio of 11.38.
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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