Africa Energy Corp. (CVE:AFE – Get Free Report) reached a new 52-week low on Monday . The company traded as low as C$0.02 and last traded at C$0.03, with a volume of 212761 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 current ratio of 0.24 and a quick ratio of 28.20. The stock has a market cap of C$35.25 million, a P/E ratio of -0.13 and a beta of 1.06. The company has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.06.
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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