Africa Energy Corp. (OTCMKTS:HPMCF – Get Rating) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 99,100 shares, a decline of 7.5% from the November 30th total of 107,100 shares. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is currently 5.6 days.

Africa Energy Stock Down 1.9 %

OTCMKTS:HPMCF opened at $0.13 on Tuesday. Africa Energy has a 52-week low of $0.11 and a 52-week high of $0.29. The stock has a fifty day simple moving average of $0.18 and a 200-day simple moving average of $0.23.

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About Africa Energy

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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.

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