Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) traded up 16.7% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 155,000 shares were traded during mid-day 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 Price 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 firm has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The stock has a market capitalization of C$42.30 million, a price-to-earnings ratio of -0.16 and a beta of 1.06.
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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