Africa Energy Corp. (CVE:AFE – Get Free Report)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.13 and traded as high as C$0.13. Africa Energy shares last traded at C$0.13, with a volume of 17,633 shares trading hands.
Africa Energy Stock Performance
The company has a current ratio of 0.25, a quick ratio of 28.20 and a debt-to-equity ratio of 28.69. The stock has a market capitalization of C$62.29 million, a price-to-earnings ratio of -1.28 and a beta of -0.20. The firm’s fifty day moving average price is C$0.13 and its 200 day moving average price is C$0.15.
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. in March 2015. Africa Energy Corp. is headquartered in Vancouver, Canada.
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