Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Rating) reached a new 52-week low during trading on Friday . The stock traded as low as 4.30 and last traded at 4.36, with a volume of 100678 shares changing hands. The stock had previously closed at 4.62.
Reconnaissance Energy Africa Stock Performance
The company’s fifty day moving average price is 5.00 and its 200 day moving average price is 5.75. The firm has a market capitalization of $881.71 million and a price-to-earnings ratio of -2.93.
About Reconnaissance Energy Africa
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 km2 located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square km2 located in northwestern Botswana.
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