Africa Energy Corp. (CVE:AFE – Get Free Report) was down 16.7% on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 240,300 shares were traded during trading, an increase of 71% from the average daily volume of 140,442 shares. The stock had previously closed at C$0.06.
Africa Energy Stock Performance
The company has a market cap of C$77.55 million, a P/E ratio of -0.46 and a beta of 1.34. The company has a quick ratio of 28.20, a current ratio of 11.38 and a debt-to-equity ratio of 5.18. The stock has a 50 day moving average price of C$0.08 and a two-hundred day moving average price of C$0.09.
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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