Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) rose 6.9% during trading on Monday . The stock traded as high as C$0.65 and last traded at C$0.62. Approximately 181,653 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 288,859 shares. The stock had previously closed at C$0.58.
Reconnaissance Energy Africa Trading Up 8.6 %
The company’s fifty day simple moving average is C$0.54 and its 200 day simple moving average is C$0.83. The firm has a market capitalization of C$154.06 million, a P/E ratio of -6.07 and a beta of 1.24.
Reconnaissance Energy Africa Company Profile
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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