Africa Energy Corp. (CVE:AFE – Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.04 and traded as low as C$0.04. Africa Energy shares last traded at C$0.04, with a volume of 1,052 shares trading hands.
Africa Energy Stock Performance
The firm has a market cap of C$39.59 million, a P/E ratio of -0.18 and a beta of 1.06. The stock’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.03. The company has a debt-to-equity ratio of 28.69, a current ratio of 0.25 and a quick ratio of 28.20.
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.
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