Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price traded down 9.3% during trading on Wednesday . The stock traded as low as C$0.89 and last traded at C$0.98. 1,089,090 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 1,240,983 shares. The stock had previously closed at C$1.08.
Reconnaissance Energy Africa Stock Down 4.4%
The company has a market cap of C$327.58 million, a PE ratio of 3.13 and a beta of 0.20. The firm’s 50-day moving average is C$0.71 and its 200-day moving average is C$0.58.
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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