Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) traded down 1.7% during trading on Tuesday . The company traded as low as C$1.10 and last traded at C$1.13. 456,977 shares were traded during mid-day trading, a decline of 46% from the average session volume of 839,516 shares. The stock had previously closed at C$1.15.
Reconnaissance Energy Africa Stock Performance
The stock has a 50-day simple moving average of C$1.13 and a 200 day simple moving average of C$0.97. The company has a market cap of C$434.98 million, a P/E ratio of -28.25 and a beta of -0.19.
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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