Africa Energy Corp. (CVE:AFE – Get Free Report) shares were up 14.3% during trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 134,050 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 102,365 shares. The stock had previously closed at C$0.04.
Africa Energy Stock Performance
The company has a quick ratio of 28.20, a current ratio of 0.25 and a debt-to-equity ratio of 28.69. The company has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.03. The stock has a market cap of C$39.59 million, a PE ratio of -0.18 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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