Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) shot up 14.3% during trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 134,050 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 102,365 shares. The stock had previously closed at C$0.04.
Africa Energy Stock Up 14.3%
The business’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.03. The company has a market capitalization of C$39.59 million, a price-to-earnings ratio of -0.18 and a beta of 1.06. The company has a debt-to-equity ratio of 28.69, a quick ratio of 28.20 and a current ratio of 0.25.
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.
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