Reconnaissance Energy Africa (CVE:RECO) Stock Price Down 4.3% – Should You Sell?

Reconnaissance Energy Africa Ltd. (CVE:RECO) shares were down 4.3% during mid-day trading on Friday . The company traded as low as C$0.88 and last traded at C$0.89. Approximately 417,472 shares changed hands during trading, a decline of 60% from the average daily volume of 1,046,651 shares. The stock had previously closed at C$0.93.

Reconnaissance Energy Africa Trading Down 4.3%

The company has a 50-day simple moving average of C$0.87 and a 200 day simple moving average of C$0.72. The company has a market cap of C$336.42 million, a P/E ratio of 2.87 and a beta of 0.62.

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