Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 508000 shares trading hands. The stock had previously closed at C$0.04.
Africa Energy Trading Down 25.0 %
The company has a market cap of C$42.30 million, a P/E ratio of -0.21 and a beta of 1.13. The business’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.07. The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24.
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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