Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) rose 13.1% on Wednesday . The company traded as high as C$1.14 and last traded at C$1.12. Approximately 586,506 shares changed hands during mid-day trading, an increase of 125% from the average daily volume of 260,230 shares. The stock had previously closed at C$0.99.
Reconnaissance Energy Africa Stock Performance
The stock has a market cap of C$251.88 million, a PE ratio of 2.71 and a beta of 1.24. The stock has a fifty day simple moving average of C$1.06 and a two-hundred day simple moving average of 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.
Featured Stories
- Five stocks we like better than Reconnaissance Energy Africa
- Short Selling: How to Short a Stock
- 3 Turnaround Stocks in the Early Innings With More Upside to Come
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Whirlpool: Buy This High-Yielding Value Before It Spins Higher
- What is an Earnings Surprise?
- Commvault Systems: Share Price Primed to Vault Higher in 2025
Receive News & Ratings for Reconnaissance Energy Africa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reconnaissance Energy Africa and related companies with MarketBeat.com's FREE daily email newsletter.
