Reconnaissance Energy Africa (CVE:RECO) Trading Down 7.1% - Should You Sell?

Key Points

• Reconnaissance Energy Africa Ltd. (CVE:RECO) shares dropped 7.1% to C$0.78 during trading, following a previous close of C$0.84.
• The company's market capitalization is C$199.18 million with a P/E ratio of 2.42, indicating a potentially undervalued stock.
• Reconnaissance Energy engages in exploring and developing oil and gas properties primarily in Namibia and Botswana.

Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - ) traded down 7.1% during trading on Monday . The stock traded as low as C$0.77 and last traded at C$0.78. 407,361 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 318,312 shares. The stock had previously closed at C$0.84.

Reconnaissance Energy Africa Stock Down 10.7%

The stock has a market capitalization of C$199.18 million, a P/E ratio of 2.42 and a beta of -0.66. The firm has a 50-day moving average of C$0.52 and a 200 day moving average 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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