Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report)'s stock price shot up 6.9% on Monday . The stock traded as high as C$0.65 and last traded at C$0.62. 192,460 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 289,054 shares. The stock had previously closed at C$0.58.
Reconnaissance Energy Africa Stock Performance
The firm has a market capitalization of C$134.50 million, a PE ratio of -5.30 and a beta of 1.24. The stock's 50-day simple moving average is C$0.54 and its 200-day simple moving average is C$0.82.
About Reconnaissance Energy Africa
(
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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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