Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.76 and last traded at C$0.77, with a volume of 66634 shares traded. The stock had previously closed at C$0.77.
Reconnaissance Energy Africa Trading Down 3.8 %
The firm’s fifty day moving average price is C$1.03 and its 200-day moving average price is C$1.05. The company has a market cap of C$162.35 million, a P/E ratio of -4.05 and a beta of 1.41.
About Reconnaissance Energy Africa
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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