Africa Energy

AFE.V

Oil & Gas Exploration & Production · Energy

Price

C$0.17

+0.00 (+0.00%)

Market Cap

C$83.9M

Exchange

Toronto Stock Exchange Ventures

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count falling — buybacks

−69.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.41B (2021) → 431.0M (2025)

Winston Score History

The full picture

Africa Energy Corp. is a Canadian oil and gas exploration company focused on finding oil and natural gas in Africa. It holds stakes in offshore exploration blocks, primarily off the coast of South Africa and Namibia. The company is in the early exploration stage, meaning it has not yet produced or sold oil or gas commercially.

Africa Energy makes no revenue yet — it spends money drilling wells and studying rock formations, hoping to discover commercially viable oil or gas deposits. The company is small, with a market cap around $100 million, and operates through partnerships with larger energy companies like TotalEnergies, which helps share costs and technical expertise. The main risk is that exploration is highly uncertain and expensive, and the company could spend years without finding enough oil or gas to justify production, which would pressure its limited cash reserves.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-62.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Runway

5+ years

$40M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

-5.8%

Weak — -5.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

—

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

N/A

—

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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