Africa Energy (CVE:AFE) stock breaks above the 50-day moving average of $0.28

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Africa Energy Corp. (CVE: AFEGet a rating) shares rose above its 50-day moving average during Thursday’s session. The stock has a 50-day moving average of C$0.28 and is trading down to C$0.28. Africa Energy shares last traded at C$0.28, with a volume of 64,000 shares traded in hands.

The company has a market capitalization of C$391.61 million and a PE ratio of 14.00. The company has a quick ratio of 5.34, a current ratio of 5.40 and a leverage ratio of 0.00. The company’s 50-day moving average price is C$0.28 and its two-hundred-day moving average price is C$0.26.

About Africa Energy (CVE: AFE)

Africa Energy Corp. is an oil and gas exploration and production company in South Africa and Namibia. It holds a 27.5% interest in the exploration right for offshore Block 2B which covers an area of ​​3,062 square kilometers located on the west coast of South Africa; 43.85% interest in Oil Exploration License 37 covering an area of ​​17,295 square kilometers located in the northern offshore region of Namibia; and a 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.

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