Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price shot up 31.3% during mid-day trading on Wednesday . The stock traded as high as C$0.76 and last traded at C$0.63. 7,015,413 shares changed hands during trading, an increase of 1,644% from the average session volume of 402,300 shares. The stock had previously closed at C$0.48.
Reconnaissance Energy Africa Stock Performance
The stock has a 50-day simple moving average of C$0.49 and a 200 day simple moving average of C$0.51. The stock has a market capitalization of C$219.51 million, a P/E ratio of 2.10 and a beta of 0.34.
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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