Africa Energy Corp. (OTCMKTS:HPMCF – Get Rating) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 107,100 shares, an increase of 454.9% from the November 15th total of 19,300 shares. Based on an average daily trading volume, of 184,500 shares, the days-to-cover ratio is currently 0.6 days.
Africa Energy Price Performance
OTCMKTS HPMCF opened at $0.14 on Tuesday. Africa Energy has a fifty-two week low of $0.14 and a fifty-two week high of $0.29. The business has a fifty day moving average of $0.22 and a 200-day moving average of $0.24.
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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.Further Reading
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