Jeromie J. Kufflick Sells 600,000 Shares of Africa Energy Corp. (CVE:AFE) Stock

Africa Energy Corp. (CVE:AFE) Senior Officer Jeromie J. Kufflick sold 600,000 shares of the company’s stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of C$0.24, for a total transaction of C$144,000.00. Following the completion of the transaction, the insider now owns 2,900,833 shares of the company’s stock, valued at C$696,199.92.

CVE:AFE opened at C$0.29 on Thursday. The stock has a 50-day simple moving average of C$0.29. The stock has a market cap of C$397.84 million and a P/E ratio of -71.25. The company has a quick ratio of 7.52, a current ratio of 7.62 and a debt-to-equity ratio of 0.00. Africa Energy Corp. has a 1-year low of C$0.21 and a 1-year high of C$0.43.

Africa Energy Company Profile

Africa Energy Corp. operates as an oil and gas exploration and production company in South Africa and Namibia. It holds a 90% interest in the Exploration Right for Block 2B offshore that covers an area of 3,062 square kilometers located in the west coast of South Africa; 43.85% interest in the Petroleum Exploration License 37 covering an area of 17,295 square kilometers located in the northern Namibian offshore region; and 49% interest in the Exploration Right for Block 11B/12B covering an area of approximately 19,000 square kilometers located in the Outeniqua Basin off the southern coast of South Africa.

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