Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shares dropped 16.5% on Thursday . The stock traded as low as C$0.48 and last traded at C$0.48. Approximately 1,870,329 shares traded hands during trading, an increase of 615% from the average daily volume of 261,645 shares. The stock had previously closed at C$0.58.
Reconnaissance Energy Africa Stock Performance
The firm's 50 day moving average is C$0.57 and its two-hundred day moving average is C$0.75. The stock has a market capitalization of C$112.00 million, a PE ratio of -4.41 and a beta of 1.24.
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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