Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) was down 12.8% during trading on Friday . The company traded as low as C$0.78 and last traded at C$0.85. Approximately 534,418 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 419,697 shares. The stock had previously closed at C$0.98.
Reconnaissance Energy Africa Price Performance
The company has a market cap of C$222.72 million, a PE ratio of 2.40 and a beta of 1.24. The firm has a 50-day simple moving average of C$1.06 and a two-hundred day simple 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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