Africa Energy Corp. (CVE:AFE – Get Free Report) shares shot up 33.3% on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. 747,500 shares traded hands during mid-day trading, an increase of 273% from the average session volume of 200,419 shares. The stock had previously closed at C$0.03.
Africa Energy Stock Up 12.5 %
The firm has a market capitalization of C$63.45 million, a P/E ratio of -0.24 and a beta of 1.06. The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24. The stock has a 50 day moving average of C$0.03 and a 200-day moving average of C$0.03.
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.
Featured Articles
- Five stocks we like better than Africa Energy
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Top ETFs That Beat the Market in 2024 and Could Do It Again
- What is the Hang Seng index?
- J.B. Hunt Leads Truckers Lower: Buy Them While They’re Down?
- How to Invest in Blue Chip Stocks
- MarketBeat Week in Review – 01/13 – 01/17
Receive News & Ratings for Africa Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Africa Energy and related companies with MarketBeat.com's FREE daily email newsletter.
