Africa Energy Corp. (CVE:AFE – Get Free Report) traded up 33.3% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. 747,500 shares traded hands during trading, an increase of 291% from the average session volume of 191,085 shares. The stock had previously closed at C$0.03.
Africa Energy Stock Up 12.5 %
The firm has a market cap of C$63.45 million, a price-to-earnings ratio of -0.24 and a beta of 1.06. The firm has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.03. The company has a current ratio of 0.24, a quick ratio of 28.20 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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