Africa Energy (CVE:AFE) Stock Passes Below 50-Day Moving Average of $0.20

Africa Energy Corp. (CVE:AFE – Get Rating)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.20 and traded as low as C$0.17. Africa Energy shares last traded at C$0.17, with a volume of 121,000 shares changing hands.

Africa Energy Stock Performance

The company’s 50-day moving average price is C$0.20 and its two-hundred day moving average price is C$0.29. The company has a debt-to-equity ratio of 0.00, a quick ratio of 28.20 and a current ratio of 28.82. The stock has a market cap of C$239.33 million and a PE ratio of 5.67.

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. 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.