Africa Energy Corp. (OTCMKTS:HPMCF) Short Interest Down 65.6% in June

Africa Energy Corp. (OTCMKTS:HPMCF) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 8,117 shares, a decline of 65.6% from the May 31st total of 23,617 shares. Based on an average daily volume of 4,841 shares, the days-to-cover ratio is currently 1.7 days.

Africa Energy Stock Performance

OTCMKTS:HPMCF remained flat at $0.13 during midday trading on Monday. The company has a 50 day moving average of $0.15 and a 200-day moving average of $0.15. Africa Energy has a 12 month low of $0.07 and a 12 month high of $0.53.

About Africa Energy

Africa Energy Corp is a Canada-based oil and gas exploration and appraisal company, trading in the over-the-counter market under the symbol HPMCF. The company focuses on identifying and advancing offshore hydrocarbon resources in southern Africa, leveraging geological data and industry partnerships to de-risk exploration targets and deliver value to shareholders.

Its principal assets include a majority interest in Petroleum Exploration Licence (PEL) 37, located in the Orange Basin offshore Namibia, and a 100% working interest in Block 2B in the adjacent Orange Basin offshore South Africa.