Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) fell 9.7% on Thursday . The stock traded as low as C$1.08 and last traded at C$1.12. 797,586 shares changed hands during trading, an increase of 158% from the average session volume of 309,427 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Stock Performance
The company has a market cap of C$225.37 million, a PE ratio of 2.43 and a beta of 1.24. The company has a fifty day moving average of C$1.05 and a two-hundred day moving average of C$1.02.
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.
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