Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 86000 shares changing hands. The stock had previously closed at C$0.03.
Africa Energy Stock Up 20.0 %
The firm’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.07. The company has a market capitalization of C$42.30 million, a price-to-earnings ratio of -0.16 and a beta of 1.13. The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24.
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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