Africa Energy (AFE) Stock Price Down 11.1%

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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.

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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.

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