Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) were up 24.4% during mid-day trading on Monday . The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 307,044 shares were traded during trading, an increase of 818% from the average daily volume of 33,430 shares. The stock had previously closed at C$0.23.
Africa Energy Trading Up 33.3%
The company’s 50-day moving average price is C$0.14 and its 200-day moving average price is C$0.15. The firm has a market cap of C$143.75 million, a price-to-earnings ratio of -1.28 and a beta of -0.16. The company has a quick ratio of 28.20, a current ratio of 0.25 and a debt-to-equity ratio of 28.69.
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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