Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) fell 1.5% during trading on Tuesday . The company traded as low as C$0.63 and last traded at C$0.64. 102,905 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 266,710 shares. The stock had previously closed at C$0.65.
Reconnaissance Energy Africa Stock Up 1.7%
The stock has a market cap of C$149.17 million, a price-to-earnings ratio of -5.88 and a beta of 1.24. The business's 50 day simple moving average is C$0.57 and its 200 day simple moving average is C$0.78.
About Reconnaissance Energy Africa
(
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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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