Shares of Africa Energy Corp. (CVE:AFE – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 130137 shares traded. The stock had previously closed at C$0.03.
Africa Energy Stock Performance
The stock’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.07. The stock has a market capitalization of C$35.25 million, a price-to-earnings ratio of -0.13 and a beta of 1.13. The company has a current ratio of 0.24, a quick ratio of 28.20 and a debt-to-equity ratio of 13.68.
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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