Short Interest in Africa Energy Corp. (OTCMKTS:HPMCF) Grows By 335.5%

Africa Energy Corp. (OTCMKTS:HPMCF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 13,500 shares, a growth of 335.5% from the May 31st total of 3,100 shares. Based on an average daily volume of 2,700 shares, the short-interest ratio is presently 5.0 days.

Africa Energy Stock Performance

Shares of HPMCF stock remained flat at $0.08 during trading hours on Friday. Africa Energy has a 12-month low of $0.05 and a 12-month high of $0.10. The firm has a 50-day moving average of $0.07 and a 200 day moving average of $0.07.

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 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.