Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shares dropped 16.7% on Monday . The stock traded as low as C$0.70 and last traded at C$0.70. Approximately 827,283 shares traded hands during mid-day trading, an increase of 158% from the average daily volume of 321,133 shares. The stock had previously closed at C$0.84.
Reconnaissance Energy Africa Price Performance
The firm's 50-day moving average is C$0.54 and its two-hundred day moving average is C$0.53. The company has a market cap of C$146.06 million, a P/E ratio of 1.77 and a beta of -0.66.
About Reconnaissance Energy Africa
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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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