Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) rose 33.3% on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 747,500 shares changed hands during mid-day trading, an increase of 273% from the average daily volume of 200,419 shares. The stock had previously closed at C$0.03.
Africa Energy Price Performance
The stock has a market cap of C$63.45 million, a price-to-earnings ratio of -0.24 and a beta of 1.06. The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24. The company has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03.
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.
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