Africa Energy Corp. (CVE:AFE – Get Free Report) shares rose 33.3% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 691,000 shares traded hands during mid-day trading, an increase of 420% from the average daily volume of 132,835 shares. The stock had previously closed at C$0.03.
Africa Energy Price Performance
The stock has a market capitalization of C$63.45 million, a price-to-earnings ratio of -0.24 and a beta of 1.06. The business’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The company has a debt-to-equity ratio of 13.68, a current ratio of 0.24 and a quick ratio of 28.20.
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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