Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) was up 7.9% on Wednesday . The stock traded as high as C$0.70 and last traded at C$0.68. Approximately 210,454 shares traded 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 Stock Down 15.7 %
The company has a market capitalization of C$144.28 million, a P/E ratio of -5.68 and a beta of 1.24. The business has a 50 day simple moving average of C$0.74 and a 200-day simple moving average of C$0.91.
Reconnaissance Energy Africa Company Profile
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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