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$0.02 and last traded at C$0.03, with a volume of 69900 shares traded. The stock had previously closed at C$0.02.
Africa Energy Stock Performance
The business has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of 13.68, a quick ratio of 28.20 and a current ratio of 0.24. The company has a market capitalization of C$35.25 million, a P/E ratio of -0.13 and a beta of 1.06.
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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