Shares of Africa Energy Corp (CVE:AFE) fell 11.1% during mid-day trading on Monday . The company traded as low as C$0.16 and last traded at C$0.16. 167,800 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 175,778 shares. The stock had previously closed at C$0.18.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://weekherald.com/2018/11/14/africa-energy-afe-stock-price-down-11-1.html.
Africa Energy Company Profile (CVE:AFE)
Africa Energy Corp. operates as an oil and gas exploration and production company in the Republic of South Africa. It holds a 90% interest in the offshore Exploration Right for Block 2B that covers an area of 4,360 square kilometers located in the west coast of South Africa; 30% interest in the Petroleum Exploration License 37 that covers an area of 17,295 square kilometers located in the northern Namibian offshore region; and 4.9% interest in the Block 11B/12B covering an area of approximately 18,734 square kilometers located in the Outeniqua Basin of the southern coast of South Africa.
Further Reading: Day Trading – Risk Worth the Reward?
Receive News & Ratings for Africa Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Africa Energy and related companies with MarketBeat.com's FREE daily email newsletter.