Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) were up 33.3% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 691,000 shares were traded during trading, an increase of 420% from the average daily volume of 132,835 shares. The stock had previously closed at C$0.03.
Africa Energy Price Performance
The company has a current ratio of 0.24, a quick ratio of 28.20 and a debt-to-equity ratio of 13.68. The business has a fifty day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The stock has a market capitalization of C$56.40 million, a PE ratio of -0.21 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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