Shares of Africa Energy Corp. (OTCMKTS:HPMCF – Get Free Report) rose 27.8% during trading on Monday . The stock traded as high as $0.2240 and last traded at $0.2108. Approximately 79,000 shares traded hands during mid-day trading, an increase of 318% from the average daily volume of 18,900 shares. The stock had previously closed at $0.1650.
Africa Energy Stock Performance
The business’s 50-day simple moving average is $0.11 and its two-hundred day simple moving average is $0.11.
Africa Energy Company Profile
Africa Energy Corp is a Canada-based oil and gas exploration and appraisal company, trading in the over-the-counter market under the symbol HPMCF. The company focuses on identifying and advancing offshore hydrocarbon resources in southern Africa, leveraging geological data and industry partnerships to de-risk exploration targets and deliver value to shareholders.
Its principal assets include a majority interest in Petroleum Exploration Licence (PEL) 37, located in the Orange Basin offshore Namibia, and a 100% working interest in Block 2B in the adjacent Orange Basin offshore South Africa.
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