Reconnaissance Energy Africa (CVE:RECO) Shares Down 2.6% – What’s Next?

Reconnaissance Energy Africa Ltd. (CVE:RECO)’s stock price fell 2.6% on Thursday . The company traded as low as C$1.10 and last traded at C$1.12. 748,000 shares were traded during trading, a decline of 20% from the average session volume of 940,039 shares. The stock had previously closed at C$1.15.

Reconnaissance Energy Africa Trading Down 2.6%

The business’s 50-day moving average is C$1.03 and its two-hundred day moving average is C$0.84. The firm has a market cap of C$427.59 million, a P/E ratio of -22.40 and a beta of 0.11.

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. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.