Africa Energy Corp. (CVE:AFE – Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as C$0.23 and last traded at C$0.23, with a volume of 14763 shares. The stock had previously closed at C$0.20.
Africa Energy Trading Up 12.5%
The company has a debt-to-equity ratio of 28.69, a current ratio of 0.25 and a quick ratio of 28.20. The firm has a market cap of C$107.81 million, a price-to-earnings ratio of -1.28 and a beta of -0.16. The firm’s fifty day moving average is C$0.14 and its 200-day moving average is C$0.15.
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. in March 2015. Africa Energy Corp. is headquartered in Vancouver, Canada.
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