Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as C$0.65 and last traded at C$0.64, with a volume of 176144 shares traded. The stock had previously closed at C$0.67.
Reconnaissance Energy Africa Trading Down 3.0 %
The company’s 50 day simple moving average is C$1.00 and its 200-day simple moving average is C$1.00. The firm has a market cap of C$172.34 million, a P/E ratio of 1.86 and a beta of 1.24.
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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