Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price traded down 11.5% during trading on Wednesday . The company traded as low as C$1.17 and last traded at C$1.23. 683,207 shares were traded during trading, an increase of 150% from the average session volume of 273,336 shares. The stock had previously closed at C$1.39.
Reconnaissance Energy Africa Stock Down 17.3 %
The stock has a market cap of C$264.50 million, a PE ratio of -6.47 and a beta of 1.38. The stock has a 50-day moving average of C$1.29 and a 200 day moving average of C$1.13.
About Reconnaissance Energy Africa
Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas potential in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 kilometer square located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square kilometer square located in northwestern Botswana.
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