Africa Energy (CVE:AFE) Stock Price Down 14.3% – What’s Next?

Africa Energy Corp. (CVE:AFE)’s share price was down 14.3% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 513,000 shares changed hands during trading, an increase of 435% from the average daily volume of 95,804 shares. The stock had previously closed at C$0.04.

Africa Energy Stock Down 14.3 %

The firm’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.03. The firm has a market cap of C$29.69 million, a P/E ratio of -0.14 and a beta of 1.06. The company has a quick ratio of 28.20, a current ratio of 0.25 and a debt-to-equity ratio of 28.69.

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.