Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price was down 20.2% during mid-day trading on Thursday . The company traded as low as C$0.94 and last traded at C$0.99. Approximately 2,140,490 shares were traded during mid-day trading, an increase of 450% from the average daily volume of 388,968 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Stock Performance
The firm has a market cap of C$225.37 million, a price-to-earnings ratio of 2.43 and a beta of 1.24. The business’s 50 day moving average price is C$1.05 and its 200-day moving average price is C$1.02.
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.
Further Reading
- Five stocks we like better than Reconnaissance Energy Africa
- Insider Buying Explained: What Investors Need to Know
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- NYSE Stocks Give Investors a Variety of Quality Options
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- What is Insider Trading? What You Can Learn from Insider Trading
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
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.
