Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) fell 1.8% during trading on Monday. The stock traded as low as C$0.55 and last traded at C$0.55. 140,131 shares traded hands during trading, a decline of 79% from the average daily volume of 671,913 shares. The stock had previously closed at C$0.56.
Reconnaissance Energy Africa Price Performance
The stock has a market capitalization of C$232.94 million, a P/E ratio of -14.00 and a beta of -0.21. The stock’s fifty day moving average is C$0.64 and its two-hundred day moving average is C$0.90.
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. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.
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