Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares traded up 9.1% during mid-day trading on Thursday . The stock traded as high as C$0.87 and last traded at C$0.84. 111,277 shares traded hands during trading, a decline of 39% from the average session volume of 181,139 shares. The stock had previously closed at C$0.77.
Reconnaissance Energy Africa Price Performance
The stock has a market capitalization of C$185.54 million, a PE ratio of -4.63 and a beta of 1.41. The company has a 50 day moving average price of C$1.02 and a 200-day moving average price of C$1.05.
Reconnaissance Energy Africa Company Profile
Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas potential in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 kilometer square located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square kilometer square located in northwestern Botswana.
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