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Monthly: Africa Energy plummets 15.0% on weak volume

Feb 28, 2017 - News Bites Canadian Markets


Africa Energy (TSXV:AFE), Canada's 62nd largest Oil & Gas - Exploration & Production company by market cap, has plummeted 4.50c (or 15.0%) in the trailing month to close at 25.50c, ending a two-month streak of rises. The volume was 0.4 times average trading of 2.3 million shares. Compared with the S&P/TSX 60 Index which fell 1.6 points (or 0.2%) in the month, this represented a relative price change of -14.8%. In the past month the market cap has declined CAD7...