Africa Energy (CVE:AFE) Trading 38.5% Higher

Africa Energy Corp. (CVE:AFE) traded up 38.5% during mid-day trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09. 152,040 shares traded hands during trading, an increase of 126% from the average session volume of 67,181 shares. The stock had previously closed at C$0.07.

Africa Energy Stock Up 38.5 %

The company has a market cap of C$126.90 million, a PE ratio of -0.54 and a beta of 1.37. The business’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.10. The company has a debt-to-equity ratio of 5.18, a current ratio of 11.38 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 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.