Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price fell 8.7% during trading on Friday . The stock traded as low as C$0.89 and last traded at C$0.89. 171,083 shares were traded during mid-day trading, a decline of 57% from the average session volume of 399,924 shares. The stock had previously closed at C$0.98.
Reconnaissance Energy Africa Stock Down 10.8 %
The business’s 50-day moving average is C$1.06 and its two-hundred day moving average is C$1.02. The stock has a market capitalization of C$230.67 million, a PE ratio of 2.49 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.
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