Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) fell 7.9% on Wednesday . The stock traded as low as C$1.06 and last traded at C$1.11. 275,722 shares were traded during mid-day trading, a decline of 15% from the average session volume of 322,746 shares. The stock had previously closed at C$1.20.
Reconnaissance Energy Africa Price Performance
The company has a market capitalization of C$286.35 million, a PE ratio of 3.09 and a beta of 1.24. The stock’s 50 day simple moving average is C$1.00 and its 200-day simple moving average is C$1.10.
About Reconnaissance Energy Africa
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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