Africa Energy Corp. (AFE.V) (CVE:AFE) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.38 and traded as low as $0.37. Africa Energy Corp. (AFE.V) shares last traded at $0.40, with a volume of 4,947 shares changing hands.
Separately, Canaccord Genuity lowered their target price on Africa Energy Corp. (AFE.V) from C$0.47 to C$0.46 in a research report on Tuesday, October 6th.
The company has a current ratio of 19.94, a quick ratio of 19.88 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of C$557.21 million and a P/E ratio of -80.00. The business has a 50-day moving average price of C$0.38 and a 200 day moving average price of C$0.37.
Africa Energy Corp. (AFE.V) 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 90% interest in the Exploration Right for Block 2B offshore that covers an area of 3,604 square kilometers located in the west coast of South Africa; 30% interest in the Petroleum Exploration License 37 covering an area of 17,295 square kilometers located in the northern Namibian offshore region; and 4.9% 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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