Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price traded up 3.9% during mid-day trading on Wednesday . The company traded as high as C$1.09 and last traded at C$1.07. 166,270 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 317,123 shares. The stock had previously closed at C$1.03.
Reconnaissance Energy Africa Stock Performance
The firm has a market capitalization of C$271.77 million, a PE ratio of 2.93 and a beta of 1.24. The company has a fifty day moving average price of C$1.02 and a 200-day moving average price of C$1.09.
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.
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