Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares traded up 37.5% on Wednesday . The company traded as high as C$0.76 and last traded at C$0.66. 7,918,963 shares traded hands during mid-day trading, an increase of 1,844% from the average session volume of 407,274 shares. The stock had previously closed at C$0.48.
Reconnaissance Energy Africa Stock Performance
The company has a market cap of C$222.78 million, a price-to-earnings ratio of 2.13 and a beta of -0.19. The stock’s fifty day moving average is C$0.49 and its two-hundred day moving average is C$0.51.
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.
Further Reading
- Five stocks we like better than Reconnaissance Energy Africa
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- 3 Stocks Poised to Benefit From Google’s AI Breakthough
- Technology Stocks Explained: Here’s What to Know About Tech
- Beyond NVIDIA: 5 Semiconductor Stocks Set to Dominate 2026
- The Role Economic Reports Play in a Successful Investment Strategy
- 3 Stocks You’ll Wish You Bought Before 2026
Receive News & Ratings for Reconnaissance Energy Africa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reconnaissance Energy Africa and related companies with MarketBeat.com's FREE daily email newsletter.
