Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$0.20 and traded as low as C$0.19. Africa Energy shares last traded at C$0.19, with a volume of 5,000 shares changing hands.
Africa Energy Price Performance
The business has a 50-day moving average of C$0.20 and a 200-day moving average of C$0.20. The company has a market capitalization of C$110.49 million, a P/E ratio of -21.00 and a beta of 0.67.
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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