Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares fell 17.9% during mid-day trading on Saturday . The company traded as low as C$0.53 and last traded at C$0.55. 1,938,133 shares traded hands during trading, an increase of 478% from the average session volume of 335,483 shares. The stock had previously closed at C$0.67.
Reconnaissance Energy Africa Stock Down 17.9%
The firm’s fifty day simple moving average is C$0.54 and its 200-day simple moving average is C$0.53. The company has a market cap of C$146.06 million, a PE ratio of 1.77 and a beta of -0.66.
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.
See Also
- Five stocks we like better than Reconnaissance Energy Africa
- When to Sell a Stock for Profit or Loss
- 3 Overlooked Value Stocks Set to Surge as Rates Drop
- Stock Market Sectors: What Are They and How Many Are There?
- Hims & Hers Stock Pushes to Highs on Healthcare Rate Cut Frenzy
- The How And Why of Investing in Oil Stocks
- After the Fed’s Rate Cut, PNC Could See a Mortgage Refinance Boom
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.
