Africa Energy Corp. (OTCMKTS:HPMCF – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 8,117 shares, a drop of 65.6% from the May 31st total of 23,617 shares. Based on an average trading volume of 4,841 shares, the short-interest ratio is currently 1.7 days.
Africa Energy Stock Performance
HPMCF stock remained flat at $0.13 during trading on Tuesday. The firm has a fifty day moving average price of $0.15 and a 200-day moving average price of $0.15. Africa Energy has a 12-month low of $0.07 and a 12-month high of $0.53.
Africa Energy Company Profile
Africa Energy Corp is a Canada-based oil and gas exploration and appraisal company, trading in the over-the-counter market under the symbol HPMCF. The company focuses on identifying and advancing offshore hydrocarbon resources in southern Africa, leveraging geological data and industry partnerships to de-risk exploration targets and deliver value to shareholders.
Its principal assets include a majority interest in Petroleum Exploration Licence (PEL) 37, located in the Orange Basin offshore Namibia, and a 100% working interest in Block 2B in the adjacent Orange Basin offshore South Africa.
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