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Reconnaissance Energy Africa (CVE:RECO) Shares Down 17.9% - What's Next?

Written by MarketBeat
Updated September 23, 2025
Reconnaissance Energy Africa logo with Energy background

Key Points

  • Reconnaissance Energy Africa Ltd. shares fell by 17.9%, closing at C$0.55 after trading as low as C$0.53.
  • The trading volume surged to approximately 1.9 million shares, a significant increase of 478% compared to the average daily volume.
  • The company, which holds significant oil and gas exploration licenses in Namibia and Botswana, has a market cap of C$146.06 million and a low price-to-earnings ratio of 1.77.
  • Five stocks to consider instead of Reconnaissance Energy Africa.

Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) fell 17.9% during trading on Saturday . The company traded as low as C$0.53 and last traded at C$0.55. 1,938,133 shares traded hands during trading, an increase of 478% from the average session volume of 335,483 shares. The stock had previously closed at C$0.67.

Reconnaissance Energy Africa Price Performance

The firm has a market capitalization of C$138.09 million, a P/E ratio of 1.68 and a beta of -0.66. The business's 50-day simple moving average is C$0.54 and its 200 day simple moving average is C$0.53.

Reconnaissance Energy Africa Company Profile

(Get Free Report)

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.

Further Reading

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