Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares shot up 11.3% on Monday . The stock traded as high as C$0.60 and last traded at C$0.59. 93,220 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 350,982 shares. The stock had previously closed at C$0.53.
Reconnaissance Energy Africa Stock Performance
The company has a fifty day simple moving average of C$0.75 and a two-hundred day simple moving average of C$0.92. The company has a market capitalization of C$154.06 million, a price-to-earnings ratio of -6.07 and a beta of 1.24.
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.
See Also
- Five stocks we like better than Reconnaissance Energy Africa
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Delta’s Stock Takes a Hit—Can Lower Oil Prices Fuel a Comeback?
- What is Insider Trading? What You Can Learn from Insider Trading
- 3 Hot Stock Upgrades as Analysts Look Ahead to Q2 Earnings
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
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.
