Africa Energy (CVE:AFE) Sets New 12-Month Low – Here’s What Happened

Africa Energy Corp. (CVE:AFEGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 69900 shares. The stock had previously closed at C$0.02.

Africa Energy Trading Up 25.0 %

The stock has a market cap of C$35.25 million, a PE ratio of -0.11 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. The stock’s fifty day moving average price is C$0.03 and its 200 day moving average price is C$0.05.

About Africa Energy

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Africa Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Africa Energy and related companies with MarketBeat.com's FREE daily email newsletter.