Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) rose 47.9% during trading on Wednesday . The stock traded as high as C$0.75 and last traded at C$0.71. Approximately 3,853,072 shares changed hands during trading, an increase of 899% from the average daily volume of 385,615 shares. The stock had previously closed at C$0.48.
Reconnaissance Energy Africa Stock Performance
The business has a fifty day moving average of C$0.48 and a two-hundred day moving average of C$0.51. The firm has a market capitalization of C$226.16 million, a price-to-earnings ratio of 2.16 and a beta of -0.19.
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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