Africa Energy Corp. (CVE:AFE – Get Free Report) shares were up 25% during trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 102,900 shares were traded during trading, a decline of 16% from the average daily volume of 122,148 shares. The stock had previously closed at C$0.02.
Africa Energy Stock Performance
The business has a 50 day moving average of C$0.03 and a 200 day moving average of C$0.05. The firm has a market cap of C$35.25 million, a price-to-earnings ratio of -0.13 and a beta of 1.06. The company has a quick ratio of 28.20, a current ratio of 0.24 and a debt-to-equity ratio of 13.68.
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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