Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) were down 16.4% during mid-day trading on Friday . The stock traded as low as C$0.53 and last traded at C$0.56. Approximately 1,855,708 shares changed hands during mid-day trading, an increase of 456% from the average daily volume of 334,016 shares. The stock had previously closed at C$0.67.
Reconnaissance Energy Africa Stock Performance
The company has a market capitalization of C$146.06 million, a P/E ratio of 1.77 and a beta of -0.66. The business’s fifty day simple moving average is C$0.54 and its 200-day simple moving average is C$0.53.
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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