Shares of Africa Energy Corp (CVE:AFE) rose 1.8% on Monday . The stock traded as high as C$0.29 and last traded at C$0.29, approximately 32,500 shares traded hands during mid-day trading. A decline of 85% from the average daily volume of 221,886 shares. The stock had previously closed at C$0.29.
The company has a market capitalization of $205.17 million and a P/E ratio of -15.00. The firm has a 50 day moving average price of C$0.27 and a two-hundred day moving average price of C$0.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 24.38 and a current ratio of 25.05.
Africa Energy Company Profile (CVE:AFE)
Africa Energy Corp. operates as an oil and gas exploration and production company in the Republic of South Africa. It holds a 90% interest in the offshore Exploration Right for Block 2B that covers an area of 4,360 square kilometers located in the west coast of South Africa; 30% interest in the Petroleum Exploration License 37 that covers an area of 17,295 square kilometers located in the northern Namibian offshore region; and 45% interest in the Block 11B/12B covering an area of approximately 18,734 square kilometers located in the Outeniqua Basin of the southern coast of South Africa.
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