Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price shot up 37.5% during mid-day trading on Wednesday . The stock traded as high as C$0.76 and last traded at C$0.66. 7,918,963 shares traded hands during mid-day trading, an increase of 1,844% from the average session volume of 407,274 shares. The stock had previously closed at C$0.48.
Reconnaissance Energy Africa Price Performance
The firm’s 50 day moving average is C$0.49 and its 200 day moving average is C$0.51. The company has a market capitalization of C$219.51 million, a PE ratio of 2.10 and a beta of 0.34.
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.
Further Reading
- Five stocks we like better than Reconnaissance Energy Africa
- What Are Earnings Reports?
- Rocket Lab’s Big Rebound? Analysts Suggest the Dip’s a Gift
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish
- Growth Stocks: What They Are, What They Are Not
- Snowflake Stock: The Dip That Smart Investors Are Buying Right Now
Receive News & Ratings for Reconnaissance Energy Africa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reconnaissance Energy Africa and related companies with MarketBeat.com's FREE daily email newsletter.
