Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares rose 6.9% during trading on Tuesday . The stock traded as high as C$1.09 and last traded at C$1.09. Approximately 226,104 shares were traded during trading, a decline of 74% from the average daily volume of 869,930 shares. The stock had previously closed at C$1.02.
Reconnaissance Energy Africa Price Performance
The firm has a market capitalization of C$431.13 million, a price-to-earnings ratio of -28.00 and a beta of 0.11. The stock has a 50 day moving average price of C$1.09 and a two-hundred day moving average price of C$0.91.
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.
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