Africa Energy (CVE:AFE) Reaches New 1-Year High – Time to Buy?

Africa Energy Corp. (CVE:AFEGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$0.44 and last traded at C$0.34, with a volume of 91781 shares changing hands. The stock had previously closed at C$0.30.

Africa Energy Trading Up 15.0%

The firm has a 50 day moving average of C$0.15 and a 200-day moving average of C$0.15. The company has a market cap of C$165.31 million, a P/E ratio of -1.28 and a beta of -0.16.

Africa Energy Company Profile

(Get Free Report)

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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