Africa Energy Corp. (CVE:AFE – Get Free Report)’s share price was up 24.4% on Monday . The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 307,044 shares traded hands during mid-day trading, an increase of 818% from the average daily volume of 33,430 shares. The stock had previously closed at C$0.23.
Africa Energy Stock Down 1.3%
The business has a fifty day moving average price of C$0.15 and a 200-day moving average price of C$0.15. The company has a market cap of C$184.48 million, a P/E ratio of -1.28 and a beta of -0.16.
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. in March 2015. Africa Energy Corp. is headquartered in Vancouver, Canada.
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