Africa Energy Corp. (CVE:AFE – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$0.23 and last traded at C$0.23, with a volume of 14763 shares traded. The stock had previously closed at C$0.20.
Africa Energy Price Performance
The company has a debt-to-equity ratio of 28.69, a current ratio of 0.25 and a quick ratio of 28.20. The stock has a 50 day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.15. The company has a market cap of C$107.81 million, a price-to-earnings ratio of -1.28 and a beta of -0.16.
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.
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