Africa Energy Corp. (CVE:AFE – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.21 and traded as low as C$0.17. Africa Energy shares last traded at C$0.17, with a volume of 2,111 shares changing hands.
Africa Energy Trading Down 5.6%
The firm has a market cap of C$81.46 million, a P/E ratio of -17.00 and a beta of 0.65. The business’s fifty day simple moving average is C$0.21 and its 200-day simple moving average is C$0.20.
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. in March 2015. Africa Energy Corp. is headquartered in Vancouver, Canada.
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