Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) dropped 23.5% during trading on Monday . The stock traded as low as C$0.64 and last traded at C$0.65. Approximately 892,949 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 461,904 shares. The stock had previously closed at C$0.85.
Reconnaissance Energy Africa Price Performance
The stock has a market cap of C$190.90 million, a price-to-earnings ratio of 2.06 and a beta of 1.24. The business has a fifty day moving average of C$1.05 and a 200 day moving average of C$1.02.
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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