Africa Energy Corp. (CVE:AFE – Get Free Report) shares rose 33.3% on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 691,500 shares traded hands during trading, an increase of 262% from the average daily volume of 191,085 shares. The stock had previously closed at C$0.03.
Africa Energy Stock Performance
The firm has a market capitalization of C$63.45 million, a price-to-earnings ratio of -0.24 and a beta of 1.06. The company has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The company has a quick ratio of 28.20, a current ratio of 0.24 and a debt-to-equity ratio of 13.68.
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.
Recommended Stories
- Five stocks we like better than Africa Energy
- Investing in Travel Stocks Benefits
- Top ETFs That Beat the Market in 2024 and Could Do It Again
- The Role Economic Reports Play in a Successful Investment Strategy
- J.B. Hunt Leads Truckers Lower: Buy Them While They’re Down?
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 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.
