Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price was down 21.4% during trading on Thursday . The stock traded as low as C$0.94 and last traded at C$0.98. Approximately 2,709,108 shares changed hands during mid-day trading, an increase of 551% from the average daily volume of 416,272 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Stock Down 12.8 %
The business’s fifty day simple moving average is C$1.05 and its two-hundred day simple moving average is C$1.02. The company has a market cap of C$225.37 million, a price-to-earnings ratio of 2.43 and a beta of 1.24.
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.
See Also
- Five stocks we like better than Reconnaissance Energy Africa
- The Basics of Support and Resistance
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- How to Effectively Use the MarketBeat Ratings Screener
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- Ride Out The Recession With These Dividend Kings
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
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.
