Africa Energy Corp. (CVE:AFE – Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.
Africa Energy Stock Performance
The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24. The firm has a 50 day moving average of C$0.03 and a two-hundred day moving average of C$0.03. The stock has a market cap of C$49.35 million, a P/E ratio of -0.18 and a beta of 1.06.
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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