Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) traded up 3.7% during trading on Friday . The company traded as high as C$0.43 and last traded at C$0.42. 409,450 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 316,050 shares. The stock had previously closed at C$0.40.
Reconnaissance Energy Africa Trading Up 3.6%
The company has a 50 day simple moving average of C$0.54 and a two-hundred day simple moving average of C$0.67. The firm has a market capitalization of C$105.15 million, a P/E ratio of -4.14 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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