Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shot up 5.6% on Thursday . The company traded as high as C$1.61 and last traded at C$1.60. 124,994 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 261,653 shares. The stock had previously closed at C$1.52.
Reconnaissance Energy Africa Stock Performance
The firm has a 50-day moving average of C$1.23 and a 200-day moving average of C$1.12. The firm has a market capitalization of C$402.50 million, a P/E ratio of -9.21 and a beta of 1.38.
Reconnaissance Energy Africa Company Profile
Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas potential in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 kilometer square located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square kilometer square located in northwestern Botswana.
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