Africa Energy Corp. (CVE:AFE – Get Free Report)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.03 and traded as high as C$0.04. Africa Energy shares last traded at C$0.04, with a volume of 11,724 shares changing hands.
Africa Energy Stock Performance
The firm has a fifty day simple moving average of C$0.03 and a 200-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. The company has a market cap of C$34.64 million, a PE ratio of -0.16 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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