Africa Energy Corp. (OTCMKTS:HPMCF – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 8,117 shares, a decline of 65.6% from the May 31st total of 23,617 shares. Based on an average trading volume of 4,841 shares, the short-interest ratio is currently 1.7 days.
Africa Energy Stock Performance
Shares of OTCMKTS HPMCF remained flat at $0.13 during mid-day trading on Friday. Africa Energy has a 52-week low of $0.07 and a 52-week high of $0.53. The business has a 50-day moving average of $0.15 and a two-hundred day moving average of $0.15.
About Africa Energy
Africa Energy Corp is a Canada-based oil and gas exploration and appraisal company, trading in the over-the-counter market under the symbol HPMCF. The company focuses on identifying and advancing offshore hydrocarbon resources in southern Africa, leveraging geological data and industry partnerships to de-risk exploration targets and deliver value to shareholders.
Its principal assets include a majority interest in Petroleum Exploration Licence (PEL) 37, located in the Orange Basin offshore Namibia, and a 100% working interest in Block 2B in the adjacent Orange Basin offshore South Africa.
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