Africa Energy Corp. (CVE:AFE – Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.16 and traded as low as C$0.11. Africa Energy shares last traded at C$0.11, with a volume of 71,200 shares changing hands.
Africa Energy Price Performance
The company has a quick ratio of 28.20, a current ratio of 0.25 and a debt-to-equity ratio of 28.69. The firm’s fifty day moving average price is C$0.16 and its two-hundred day moving average price is C$0.12. The stock has a market capitalization of C$50.31 million, a PE ratio of -1.17 and a beta of -0.73.
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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