Africa Energy Corp. (CVE:AFE – Get Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.13 and traded as low as C$0.12. Africa Energy shares last traded at C$0.12, with a volume of 500 shares changing hands.
Africa Energy Stock Down 14.3%
The company has a current ratio of 0.25, a quick ratio of 28.20 and a debt-to-equity ratio of 28.69. The firm has a 50 day moving average price of C$0.13 and a 200-day moving average price of C$0.14. The firm has a market cap of C$57.50 million, a price-to-earnings ratio of -1.28 and a beta of -0.35.
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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