Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shot up 10.3% on Monday . The company traded as high as C$0.65 and last traded at C$0.64. 209,960 shares were traded during trading, a decline of 27% from the average session volume of 289,295 shares. The stock had previously closed at C$0.58.
Reconnaissance Energy Africa Stock Up 0.8 %
The firm has a 50 day simple moving average of C$0.54 and a 200-day simple moving average of C$0.82. The stock has a market cap of C$146.72 million, a P/E ratio of -5.78 and a beta of 1.24.
Reconnaissance Energy Africa Company Profile
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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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