Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price was down 21% on Thursday . The stock traded as low as C$0.94 and last traded at C$0.98. Approximately 1,857,040 shares changed hands during mid-day trading, an increase of 410% from the average daily volume of 363,787 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Stock Down 21.0 %
The company has a market cap of C$259.84 million, a price-to-earnings ratio of 2.80 and a beta of 1.24. The company has a fifty day simple moving average of C$1.06 and a two-hundred day simple moving average of C$1.02.
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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