Africa Energy Corp. (OTCMKTS:HPMCF – Get Rating) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 29,400 shares, a decline of 20.1% from the August 31st total of 36,800 shares. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is currently 2.5 days.
Africa Energy Stock Performance
OTCMKTS:HPMCF traded up $0.01 on Friday, hitting $0.25. The stock had a trading volume of 36,500 shares, compared to its average volume of 16,089. The company has a fifty day moving average price of $0.27 and a two-hundred day moving average price of $0.23. Africa Energy has a 1-year low of $0.16 and a 1-year high of $0.29.
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Africa Energy Corp. operates as an oil and gas exploration and production company in South Africa and Namibia. It holds a 27.5% participating interest in the Exploration Right for Block 2B offshore that covers an area of 3,062 square kilometers located in the west coast of South Africa; 43.85% interest in the Petroleum Exploration License 37 covering an area of 17,295 square kilometers located in the northern Namibian offshore region; and 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.Featured Stories
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