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Africa Energy Corp.TSXV:AFE Stock Report

Market Cap CA$100.0m
Share Price
n/a
1Y5.6%
7D-7.3%
1D-9.5%
Portfolio Value
​
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Africa Energy Corp.

TSXV:AFE Stock Report

Market Cap: CA$100.0m

Africa Energy (AFE) Stock Overview

Operates as an oil and gas exploration company in South Africa. More details

AFE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Risk Analysis

Earnings have declined by 26% per year over past 5 years

Makes less than USD$1m in revenue ($0)

Does not have a meaningful market cap (CA$100M)


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Africa Energy Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Africa Energy
Historical stock prices
Current Share PriceCA$0.19
52 Week HighCA$0.55
52 Week LowCA$0.10
Beta0.60
1 Month Change2.70%
3 Month Change11.76%
1 Year Change5.56%
3 Year Change-66.96%
5 Year Change-86.43%
Change since IPO-96.20%

Recent News & Updates

Recent updates

Analysis Article • Oct 12

We Think Africa Energy (CVE:AFE) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Jun 27

Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Sep 27

Does Africa Energy (CVE:AFE) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jun 13

Is Africa Energy (CVE:AFE) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Feb 22

Is Africa Energy (CVE:AFE) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Nov 08

Africa Energy (CVE:AFE) Is Making Moderate Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jul 19

Is Africa Energy (CVE:AFE) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Apr 04

Is Africa Energy (CVE:AFE) Using Debt In A Risky Way?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jul 22

Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Apr 05

Africa Energy (CVE:AFE) Is In A Strong Position To Grow Its Business

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Feb 12

Have Insiders Been Selling Africa Energy Corp. (CVE:AFE) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Analysis Article • Jul 17

Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Shareholder Returns

AFECA Oil and GasCA Market
7D-7.3%3.6%1.0%
1Y5.6%41.7%31.7%

Return vs Industry: AFE underperformed the Canadian Oil and Gas industry which returned 41.7% over the past year.

Return vs Market: AFE underperformed the Canadian Market which returned 31.7% over the past year.

Price Volatility

Is AFE's price volatile compared to industry and market?
AFE volatility
AFE Average Weekly Movementn/a
Oil and Gas Industry Average Movement8.0%
Market Average Movement9.6%
10% most volatile stocks in CA Market16.4%
10% least volatile stocks in CA Market3.7%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine AFE's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a6Rob Nicolellaafricaenergycorp.com

Africa Energy Corp. operates as an oil and gas exploration company in South Africa. The company focuses on potential gas condensate development on Block 11B/12B in offshore South Africa. The company was formerly known as Horn Petroleum Corporation and changed its name to Africa Energy Corp. in March 2015.

Africa Energy Corp. Fundamentals Summary

How do Africa Energy's earnings and revenue compare to its market cap?
AFE fundamental statistics
Market capCA$99.97m
Earnings (TTM)-CA$6.62m
Revenue (TTM)n/a
0.0x
P/S Ratio
-15.1x
P/E Ratio

Is AFE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AFE income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$4.77m
Earnings-US$4.77m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 12, 2026

Earnings per share (EPS)-0.0091
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did AFE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/17 08:13
End of Day Share Price 2026/08/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Africa Energy Corp. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ina GolikjaFearnley Securities