Africa Energy Corp. (CVE:AFE – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 2290 shares trading hands. The stock had previously closed at C$0.03.
Africa Energy Stock Performance
The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24. The firm has a 50 day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.04. The firm has a market capitalization of C$35.25 million, a P/E ratio of -0.13 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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