This summary was created by AI, based on 1 opinions in the last 12 months.
Africa Energy Corp (AFE-X) is a small-cap company with a market capitalization of approximately $49 million. Currently, the company is in its early stages, as it is pre-revenue and primarily focused on oil exploration projects in South Africa. Although the operational cash flows are negative, there has been a positive trend in improvement over recent quarters, indicating potential for future development. The company's growth prospects are highly influenced by the fluctuations in energy prices, particularly as they might benefit from an upturn in the market. However, the long-term momentum appears to be weak, which raises concerns about the sustainability of its growth in this competitive sector.
Africa Energy Corp is a Canadian stock, trading under the symbol AFE-X on the TSX Venture Exchange (AFE-CV). It is usually referred to as TSXV:AFE or AFE-X
In the last year, 1 stock analyst published opinions about AFE-X. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Africa Energy Corp.
Africa Energy Corp was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Africa Energy Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Africa Energy Corp published on Stockchase.
On 2025-04-14, Africa Energy Corp (AFE-X) stock closed at a price of $0.035.
AFE is quite small at a $49 mln market-cap and is pre-revenue, so it is not really a company that is on our radar. Operating cash flows are negative but have been improving in recent quarters. It is focused on oil exploration in South Africa and should see a benefit with higher energy prices but momentum over the long-term has not been great here.
Unlock Premium - Try 5i Free