Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shares dropped 18.3% during trading on Thursday . The company traded as low as C$0.47 and last traded at C$0.47. Approximately 2,404,775 shares changed hands during trading, an increase of 796% from the average daily volume of 268,380 shares. The stock had previously closed at C$0.58.
Reconnaissance Energy Africa Price Performance
The firm has a market capitalization of C$112.00 million, a price-to-earnings ratio of -4.41 and a beta of 1.24. The business has a fifty day moving average price of C$0.57 and a two-hundred day moving average price of C$0.75.
Reconnaissance Energy Africa Company Profile
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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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