Reconnaissance Energy Africa (CVE:RECO) Stock Price Down 15.1% - Should You Sell?

Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) traded down 15.1% during trading on Thursday . The stock traded as low as C$0.48 and last traded at C$0.49. 821,780 shares were traded during mid-day trading, an increase of 229% from the average session volume of 249,470 shares. The stock had previously closed at C$0.58.

Reconnaissance Energy Africa Price Performance

The company's fifty day moving average price is C$0.57 and its 200 day moving average price is C$0.75. The company has a market cap of C$112.00 million, a PE ratio of -4.41 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.