Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price dropped 17.9% on Saturday . The stock traded as low as C$0.53 and last traded at C$0.55. Approximately 1,938,133 shares were traded during mid-day trading, an increase of 478% from the average daily volume of 335,483 shares. The stock had previously closed at C$0.67.
Reconnaissance Energy Africa Trading Down 17.9%
The company has a 50 day simple moving average of C$0.54 and a 200 day simple moving average of C$0.53. The stock has a market capitalization 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.
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