Africa Energy Corp. (CVE:AFE – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 1651364 shares. The stock had previously closed at C$0.09.
Africa Energy Stock Performance
The company’s fifty day simple moving average is C$0.09 and its 200 day simple moving average is C$0.09. The stock has a market capitalization of C$63.45 million, a P/E ratio of -0.75 and a beta of 1.34. The company has a current ratio of 11.38, a quick ratio of 28.20 and a debt-to-equity ratio of 5.18.
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.
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