Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) shot up 33.3% during trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 747,500 shares traded hands during trading, an increase of 273% from the average session volume of 200,419 shares. The stock had previously closed at C$0.03.
Africa Energy Stock 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’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The company has a debt-to-equity ratio of 13.68, a current ratio of 0.24 and a quick ratio of 28.20.
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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