Africa Energy Corp. (OTCMKTS:HPMCF) Sees Large Drop in Short Interest

Africa Energy Corp. (OTCMKTS:HPMCF) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 11,000 shares, a drop of 12.0% from the June 30th total of 12,500 shares. Based on an average daily trading volume, of 76,600 shares, the short-interest ratio is presently 0.1 days.

Africa Energy Stock Performance

HPMCF traded down $0.01 on Tuesday, hitting $0.03. The company had a trading volume of 166,262 shares, compared to its average volume of 24,917. Africa Energy has a 52-week low of $0.02 and a 52-week high of $0.09. The stock has a fifty day simple moving average of $0.06 and a 200-day simple moving average of $0.07.

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 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.