Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price rose 16.7% during trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 155,000 shares traded hands during trading, an increase of 71% from the average session volume of 90,800 shares. The stock had previously closed at C$0.03.
Africa Energy Stock Up 12.5 %
The company has a market cap of C$63.45 million, a price-to-earnings ratio of -0.24 and a beta of 1.06. 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 stock’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.03.
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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