Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) dropped 18.3% during trading on Friday . The company traded as low as C$0.47 and last traded at C$0.47. Approximately 2,404,775 shares traded hands during trading, an increase of 796% from the average daily volume of 268,380 shares. The stock had previously closed at C$0.58.
Reconnaissance Energy Africa Price Performance
The business's 50 day moving average is C$0.57 and its 200 day moving average is C$0.75. The stock has a market cap of C$117.38 million, a price-to-earnings ratio of -4.62 and a beta of 1.24.
About Reconnaissance Energy Africa
(
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.
Featured Stories
Before you consider Reconnaissance Energy Africa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reconnaissance Energy Africa wasn't on the list.
While Reconnaissance Energy Africa currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
