Africa Energy (CVE:AFE) Stock Price Up 11.5%

Shares of Africa Energy Corp. (CVE:AFE – Get Rating) were up 11.5% during trading on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 123,495 shares changed hands during trading, an increase of 69% from the average daily volume of 73,126 shares. The stock had previously closed at C$0.26.

The company has a current ratio of 5.40, a quick ratio of 5.34 and a debt-to-equity ratio of 0.00. The firm has a market cap of C$419.58 million and a price-to-earnings ratio of 9.67. The stock’s 50 day moving average is C$0.28 and its 200 day moving average is C$0.26.

Africa Energy Company Profile (CVE:AFE)

Africa Energy Corp. operates as an oil and gas exploration and production company in South Africa and Namibia. It holds a 27.5% participating interest in the Exploration Right for Block 2B offshore that covers an area of 3,062 square kilometers located in the west coast of South Africa; 43.85% interest in the Petroleum Exploration License 37 covering an area of 17,295 square kilometers located in the northern Namibian offshore region; and 49% interest in the Exploration Right for Block 11B/12B covering an area of approximately 19,000 square kilometers located in the Outeniqua Basin off the southern coast of South Africa.

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