Africa Energy (CVE:AFE) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Africa Energy Corp. (CVE:AFE)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.13 and traded as high as C$0.15. Africa Energy shares last traded at C$0.15, with a volume of 6,000 shares traded.

Africa Energy Trading Up 20.8%

The company’s fifty day moving average is C$0.13 and its two-hundred day moving average is C$0.14. The company has a quick ratio of 28.20, a current ratio of 0.25 and a debt-to-equity ratio of 28.69. The stock has a market cap of C$69.48 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.