Africa Energy (CVE:AFE) Trading Up 18.8% – What’s Next?

Africa Energy Corp. (CVE:AFE)’s stock price was up 18.8% during trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.19. Approximately 140,108 shares traded hands during mid-day trading, an increase of 508% from the average daily volume of 23,057 shares. The stock had previously closed at C$0.16.

Africa Energy Price Performance

The stock has a market cap of C$86.25 million, a PE ratio of -1.28 and a beta of -0.16. The company has a debt-to-equity ratio of 28.69, a quick ratio of 28.20 and a current ratio of 0.25. The business has a 50 day moving average price of C$0.13 and a two-hundred day moving average price of C$0.14.

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.