Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares were down 21.4% during trading on Friday . The stock traded as low as C$0.94 and last traded at C$0.98. Approximately 2,709,108 shares were traded during mid-day trading, an increase of 551% from the average daily volume of 416,272 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Trading Down 21.4 %
The company’s 50-day moving average is C$1.06 and its 200 day moving average is C$1.02. The firm has a market cap of C$258.51 million, a PE ratio of 2.79 and a beta of 1.24.
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
- What does consumer price index measure?
- 3 Turnaround Stocks in the Early Innings With More Upside to Come
- How to Find Undervalued Stocks
- Whirlpool: Buy This High-Yielding Value Before It Spins Higher
- Differences Between Momentum Investing and Long Term Investing
- Commvault Systems: Share Price Primed to Vault Higher in 2025
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.
