Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.03 and traded as high as C$0.04. Africa Energy shares last traded at C$0.04, with a volume of 3,012 shares changing hands.
Africa Energy Stock Down 12.5 %
The company has a current ratio of 0.24, a quick ratio of 28.20 and a debt-to-equity ratio of 13.68. The firm has a market cap of C$49.35 million, a PE ratio of -0.18 and a beta of 1.06. The company’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.
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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