Africa Energy (OTCMKTS:HPMCF) Stock Price Up 7.4% – Still a Buy?

Africa Energy Corp. (OTCMKTS:HPMCF) shares traded up 7.4% during mid-day trading on Friday . The company traded as high as $0.2143 and last traded at $0.2143. 216 shares were traded during trading, a decline of 99% from the average session volume of 14,740 shares. The stock had previously closed at $0.1995.

Africa Energy Trading Up 7.4%

The stock has a fifty day simple moving average of $0.17 and a two-hundred day simple moving average of $0.12.

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.