Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) were up 33.3% during mid-day trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 691,000 shares traded hands during mid-day 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 quick ratio of 28.20, a current ratio of 0.24 and a debt-to-equity ratio of 13.68. The business has a fifty day moving average of C$0.03 and a 200 day moving average of C$0.03. The firm has a market cap of C$56.40 million, a P/E ratio of -0.21 and a beta of 1.06.
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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