Africa Energy Corp. (CVE:AFE – Get Free Report) shot up 33.3% on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. 691,000 shares were traded during trading, an increase of 420% from the average session volume of 132,835 shares. The stock had previously closed at C$0.03.
Africa Energy Price Performance
The business’s 50 day moving average is C$0.03 and its two-hundred day moving average is C$0.03. The firm has a market cap of C$63.45 million, a P/E ratio of -0.24 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.
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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