Africa Energy Corp. (CVE:AFE – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.09, with a volume of 254016 shares trading hands. The stock had previously closed at C$0.07.
Africa Energy Price Performance
The company has a quick ratio of 28.20, a current ratio of 11.38 and a debt-to-equity ratio of 5.18. The company has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.10. The firm has a market capitalization of C$126.90 million, a price-to-earnings ratio of -0.75 and a beta of 1.37.
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 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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