Africa Energy Corp. (CVE:AFE – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 114000 shares traded. The stock had previously closed at C$0.03.
Africa Energy Price Performance
The business’s 50 day moving average is C$0.03 and its 200-day moving average is C$0.05. The company has a quick ratio of 28.20, a current ratio of 0.24 and a debt-to-equity ratio of 13.68. The firm has a market capitalization of C$35.25 million, a P/E ratio of -0.13 and a beta of 1.06.
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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