Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares fell 12.3% during mid-day trading on Friday . The stock traded as low as C$0.87 and last traded at C$0.90. 2,490,220 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 1,873,752 shares. The stock had previously closed at C$1.02.
Reconnaissance Energy Africa Stock Down 13.7%
The stock has a market cap of C$297.18 million, a PE ratio of 2.84 and a beta of 0.20. The business’s fifty day moving average is C$0.77 and its 200 day moving average is C$0.60.
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. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.
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