Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report)'s share price dropped 17.9% during mid-day trading on Friday . The company traded as low as C$0.53 and last traded at C$0.55. Approximately 1,938,133 shares were traded during trading, an increase of 478% from the average daily volume of 335,483 shares. The stock had previously closed at C$0.67.
Reconnaissance Energy Africa Stock Performance
The stock's 50-day simple moving average is C$0.54 and its 200-day simple moving average is C$0.53. The firm has a market capitalization of C$139.42 million, a PE ratio of 1.69 and a beta of -0.66.
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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