Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price traded down 12.9% on Wednesday . The company traded as low as C$1.14 and last traded at C$1.15. 1,721,736 shares were traded during mid-day trading, an increase of 3% from the average session volume of 1,664,282 shares. The stock had previously closed at C$1.32.
Reconnaissance Energy Africa Stock Down 12.9%
The stock has a market cap of C$388.36 million, a price-to-earnings ratio of 3.71 and a beta of 0.20. The stock’s fifty day moving average is C$0.75 and its 200-day moving average is C$0.59.
Reconnaissance Energy Africa Company Profile
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.
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