Reconnaissance Energy Africa (CVE:RECO) Trading Down 6% - Here's What Happened

Key Points

• Reconnaissance Energy Africa Ltd. (CVE:RECO) shares declined by 6% on Monday, trading as low as C$0.47.
• The company's market capitalization stands at C$124.82 million, with a PE ratio of 1.52.
• Reconnaissance Energy Africa is focused on oil and gas exploration in Namibia and Botswana, holding significant interests in petroleum licenses in both countries.

Reconnaissance Energy Africa Ltd. (CVE:RECO - ) shares fell 6% during trading on Monday . The company traded as low as C$0.47 and last traded at C$0.47. 781,333 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 375,700 shares. The stock had previously closed at C$0.50.

Reconnaissance Energy Africa Stock Down 6.0%

The stock has a market cap of C$124.82 million, a PE ratio of 1.52 and a beta of -0.33. The business has a 50 day moving average price of C$0.55 and a 200 day moving average price of C$0.53.

Reconnaissance Energy Africa Company Profile

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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