Africa Energy Corp. (CVE:AFE – Get Free Report) rose 33.3% during mid-day trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 747,500 shares traded hands during trading, an increase of 273% from the average daily volume of 200,419 shares. The stock had previously closed at C$0.03.
Africa Energy Trading Up 12.5 %
The company has a current ratio of 0.24, a quick ratio of 28.20 and a debt-to-equity ratio of 13.68. The firm has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The company has a market capitalization of C$63.45 million, a price-to-earnings ratio of -0.24 and a beta of 1.06.
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.
Featured Stories
- Five stocks we like better than Africa Energy
- What Makes a Stock a Good Dividend Stock?
- Top ETFs That Beat the Market in 2024 and Could Do It Again
- Using the MarketBeat Stock Split Calculator
- J.B. Hunt Leads Truckers Lower: Buy Them While They’re Down?
- About the Markup Calculator
- MarketBeat Week in Review – 01/13 – 01/17
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.
