The stock of Africa Energy Corp (CVE:AFE) is a huge mover today! About 54,000 shares traded hands. Africa Energy Corp (CVE:AFE) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 8 months positive chart setup for the $71.27M company. It was reported on Oct, 31 by Barchart.com. We have $0.36 PT which if reached, will make CVE:AFE worth $21.38 million more.
More important recent Africa Energy Corp (CVE:AFE) news were published by: Marketwired.com which released: “Africa Energy Closes Three Deals to Acquire 90% Interest in Block 2B Offshore …” on October 21, 2016, also Digitaljournal.com published article titled: “Africa Energy Announces C$15 Million Private Placement”, Reuters.com published: “BRIEF-Africa energy announces C$15 million private placement” on October 31, 2016. More interesting news about Africa Energy Corp (CVE:AFE) was released by: Ft.com and their article: “Investors combine to create pan-African energy group” with publication date: June 22, 2016.
Africa Energy Corp. , formerly Horn Petroleum Corporation, is a Canada exploration-stage international gas and oil exploration and development company. The company has a market cap of $71.27 million. The Firm focuses on the BLOCK 2B in South Africa. It currently has negative earnings. Block 2B covers approximately 4,360 square kilometers of the South African Western offshore approximately 300 kilometers north of Cape Town.
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