Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shares traded down 19.4% during mid-day trading on Friday . The company traded as low as C$0.53 and last traded at C$0.54. 1,623,108 shares were traded during mid-day trading, an increase of 387% from the average session volume of 332,987 shares. The stock had previously closed at C$0.67.
Reconnaissance Energy Africa Price Performance
The company has a market capitalization of C$138.09 million, a P/E ratio of 1.68 and a beta of -0.66. The business has a 50-day moving average of C$0.54 and a 200-day moving average of C$0.53.
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.
Further Reading
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