Africa Energy Corp. (CVE:AFE – Get Free Report) shares were up 25% during mid-day trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 102,900 shares traded hands during trading, a decline of 16% from the average daily volume of 122,148 shares. The stock had previously closed at C$0.02.
Africa Energy Stock Performance
The firm has a market capitalization of C$35.25 million, a price-to-earnings ratio of -0.13 and a beta of 1.06. The business’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.05. The company has a debt-to-equity ratio of 13.68, a current ratio of 0.24 and a quick ratio of 28.20.
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.
Recommended Stories
- Five stocks we like better than Africa Energy
- What is a buyback in stocks? A comprehensive guide for investors
- Why Palo Alto Networks’ Multi-Year Uptrend Is Far From Over
- 3 Best Fintech Stocks for a Portfolio Boost
- 3 Rock-Solid Buying Opportunities in the Market Right Now
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- TJX Companies Stock Poised to Hit a New High This Year
Receive News & Ratings for Africa Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Africa Energy and related companies with MarketBeat.com's FREE daily email newsletter.
