Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price rose 25.3% on Wednesday . The stock traded as high as C$1.26 and last traded at C$1.24. Approximately 1,389,000 shares were traded during mid-day trading, an increase of 360% from the average daily volume of 301,630 shares. The stock had previously closed at C$0.99.
Reconnaissance Energy Africa Price Performance
The firm has a market capitalization of C$328.77 million, a PE ratio of 3.54 and a beta of 1.24. The business’s 50 day moving average is C$1.05 and its two-hundred day moving average is C$1.02.
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.
Featured Articles
- Five stocks we like better than Reconnaissance Energy Africa
- What Are the U.K. Market Holidays? How to Invest and Trade
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- Market Cap Calculator: How to Calculate Market Cap
- 3 Steel Stocks Soaring After Tariff Announcements
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
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.
