Africa Energy Corp.

Africa Energy Corp.verified

AFE.V

Price:

$0.03

Market Cap:

$31.07M

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. The company was formerly known as Horn Petroleum Corporation and change...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2012-01-03

Stock Exchange

TSXV

Ticker

AFE.V

The Current Ratio as of September 2024 (TTM) for Africa Energy Corp. (AFE.V) is 0.24

According to Africa Energy Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.24. This represents a change of -92.01% compared to the average of 3.01 of the last 4 quarters.

Africa Energy Corp. (AFE.V) Historical Current Ratio (quarterly & annually)

How has AFE.V Current Ratio performed in the past?

The mean historical Current Ratio of Africa Energy Corp. over the last ten years is 11.55. The current 0.24 Current Ratio has changed 108.39% with respect to the historical average. Over the past ten years (40 quarters), AFE.V's Current Ratio was at its highest in in the September 2018 quarter at 226.66. The Current Ratio was at its lowest in in the September 2023 quarter at 0.20.

Quarterly (TTM)
Annual

Average

11.55

Median

8.89

Minimum

0.65

Maximum

41.99

Africa Energy Corp. (AFE.V) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Africa Energy Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 6.37%

Maximum Annual Current Ratio = 41.99

Minimum Annual Increase = -96.54%

Minimum Annual Current Ratio = 0.65

Quarterly (TTM)
Annual
YearCurrent RatioChange
202311.38431.84%
20222.14-67.82%
20216.65-40.26%
202011.1393.41%
20195.75-86.29%
201841.996.37%
20170.65-96.54%
201618.7541.53%
201513.25246.81%
20143.82-68.85%

Africa Energy Corp. (AFE.V) Average Current Ratio

How has AFE.V Current Ratio performed in the past?

The current Current Ratio of Africa Energy Corp. (AFE.V) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

6.72

5-year avg

7.41

10-year avg

11.55

Africa Energy Corp. (AFE.V) Current Ratio vs. Peers

How is AFE.V’s Current Ratio compared to its peers?

Africa Energy Corp.’s Current Ratio is less than Africa Oil Corp. (7.46), less than Eco (Atlantic) Oil & Gas Ltd. (1.68), less than Alvopetro Energy Ltd. (2.38), less than ShaMaran Petroleum Corp. (4.05), less than CGX Energy Inc. (0.25),

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