Africa Energy Corp. (CVE:AFE – Get Free Report)’s share price was up 28.6% during trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 223,877 shares were traded during trading, an increase of 179% from the average daily volume of 80,340 shares. The stock had previously closed at C$0.04.
Africa Energy Stock Performance
The stock has a market capitalization of C$44.54 million, a P/E ratio of -0.21 and a beta of 1.06. The stock has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.03. The company has a quick ratio of 28.20, a current ratio of 0.25 and a debt-to-equity ratio of 28.69.
About Africa Energy
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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