Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares fell 21.4% during trading on Thursday . The company traded as low as C$0.94 and last traded at C$0.98. 2,709,108 shares were traded during trading, an increase of 551% from the average session volume of 416,272 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Stock Performance
The business has a 50-day moving average of C$1.06 and a 200-day moving average of C$1.02. The stock has a market capitalization of C$258.51 million, a price-to-earnings ratio of 2.79 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.
Featured Articles
- Five stocks we like better than Reconnaissance Energy Africa
- How to Use the MarketBeat Excel Dividend Calculator
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- What Investors Need to Know to Beat the Market
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
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.
