Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.09, with a volume of 254016 shares. The stock had previously closed at C$0.07.
Africa Energy Price Performance
The stock has a market capitalization of C$126.90 million, a PE ratio of -0.75 and a beta of 1.37. The firm’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.10. The company has a debt-to-equity ratio of 5.18, a current ratio of 11.38 and a quick ratio of 28.20.
Africa Energy Company Profile
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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