Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price was down 19.4% on Thursday . The company traded as low as C$0.94 and last traded at C$1.00. Approximately 2,049,333 shares were traded during trading, an increase of 433% from the average daily volume of 384,612 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Stock Down 21.4 %
The company has a market cap of C$258.51 million, a PE ratio of 2.79 and a beta of 1.24. The company’s fifty day moving average is C$1.06 and its 200-day moving average is C$1.02.
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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