Africa Energy (CVE:AFE) Trading Up 33.3% – What’s Next?

Africa Energy Corp. (CVE:AFE)’s share price was up 33.3% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 747,500 shares were traded during mid-day trading, an increase of 291% from the average daily volume of 191,085 shares. The stock had previously closed at C$0.03.

Africa Energy Trading Up 33.3 %

The stock has a market capitalization of C$56.40 million, a P/E ratio of -0.21 and a beta of 1.06. The business has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24.

Africa Energy Company Profile

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.