Reconnaissance Energy Africa (CVE:RECO) Trading Down 13.7% – What’s Next?

Reconnaissance Energy Africa Ltd. (CVE:RECO) fell 13.7% during trading on Friday . The company traded as low as C$0.86 and last traded at C$0.88. 4,104,660 shares were traded during trading, an increase of 102% from the average session volume of 2,035,251 shares. The stock had previously closed at C$1.02.

Key Stories Impacting Reconnaissance Energy Africa

Here are the key news stories impacting Reconnaissance Energy Africa this week:

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Reconnaissance Energy Africa Stock Down 13.7%

The stock has a market capitalization of C$297.18 million, a PE ratio of 2.84 and a beta of 0.20. The stock’s 50 day moving average price is C$0.77 and its 200-day moving average price 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.