Africa Energy Corp. (OTCMKTS:HPMCF – Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $0.15 and traded as high as $0.1639. Africa Energy shares last traded at $0.1639, with a volume of 2,300 shares traded.
Africa Energy Stock Up 44.4%
The stock’s fifty day simple moving average is $0.14 and its 200-day simple moving average is $0.15.
About Africa Energy
Africa Energy Corp. is a Canadian oil and gas exploration company focused on offshore opportunities in Africa. The company’s activities center on identifying, evaluating and developing oil and natural gas resources through exploration licenses, partnerships and joint ventures.
Africa Energy has been associated with exploration blocks offshore South Africa, including interests in the Orange Basin and the Southern Outeniqua Basin. Its South African portfolio has included participation in the Block 11B/12B project, where the Brulpadda and Luiperd discoveries were announced in partnership with major international energy companies.
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