Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shot up 37.5% during trading on Wednesday . The stock traded as high as C$0.76 and last traded at C$0.66. 7,612,463 shares traded hands during trading, an increase of 1,780% from the average session volume of 404,857 shares. The stock had previously closed at C$0.48.
Reconnaissance Energy Africa Stock Up 39.6%
The stock has a market capitalization of C$226.16 million, a PE ratio of 2.16 and a beta of -0.19. The stock’s 50-day moving average is C$0.48 and its 200 day moving average is C$0.51.
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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