Africa Energy (CVE:AFE) Reaches New 12-Month Low – Should You Sell?

by · The Cerbat Gem

Africa Energy Corp. (CVE:AFE – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 1000 shares trading hands. The stock had previously closed at C$0.15.

Africa Energy Price Performance

The company has a market cap of C$62.29 million, a P/E ratio of -1.28 and a beta of -0.35. The company’s 50-day moving average price is C$0.13 and its two-hundred day moving average price is C$0.15. The company has a current ratio of 0.25, a quick ratio of 28.20 and a debt-to-equity ratio of 28.69.

Africa Energy Company Profile

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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. in March 2015. Africa Energy Corp. is headquartered in Vancouver, Canada.

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