Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price rose 33.3% on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 691,000 shares traded hands during trading, an increase of 262% from the average daily volume of 191,002 shares. The stock had previously closed at C$0.03.
Africa Energy Trading Up 33.3 %
The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24. The business has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.03. The company has a market capitalization of C$56.40 million, a P/E ratio of -0.21 and a beta of 1.06.
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 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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