Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price fell 23.5% during trading on Monday . The stock traded as low as C$0.64 and last traded at C$0.65. 892,949 shares were traded during trading, an increase of 93% from the average session volume of 461,904 shares. The stock had previously closed at C$0.85.
Reconnaissance Energy Africa Trading Down 15.3 %
The firm has a market capitalization of C$190.90 million, a P/E ratio of 2.06 and a beta of 1.24. The business’s fifty day moving average is C$1.05 and its 200 day moving average is 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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