Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) traded up 6.9% during trading on Tuesday . The company traded as high as C$1.09 and last traded at C$1.09. 226,104 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 869,930 shares. The stock had previously closed at C$1.02.
Reconnaissance Energy Africa Price Performance
The business has a 50 day moving average of C$1.07 and a 200 day moving average of C$0.89. The firm has a market capitalization of C$408.50 million, a price-to-earnings ratio of -26.75 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.
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