Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) were up 7.9% on Wednesday . The company traded as high as C$0.70 and last traded at C$0.68. Approximately 210,454 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 346,673 shares. The stock had previously closed at C$0.63.
Reconnaissance Energy Africa Trading Up 9.5 %
The company has a market cap of C$168.73 million, a PE ratio of -6.65 and a beta of 1.24. The stock has a 50 day moving average price of C$0.75 and a 200 day moving average price of C$0.92.
About Reconnaissance Energy Africa
Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas properties in Namibia and Botswana. The company holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 square kilometer located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square kilometer located in northwestern Botswana.
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