Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares fell 6% during trading on Monday . The company traded as low as C$0.47 and last traded at C$0.47. 781,333 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 375,700 shares. The stock had previously closed at C$0.50.
Reconnaissance Energy Africa Stock Down 6.0%
The stock has a market cap of C$124.82 million, a PE ratio of 1.52 and a beta of -0.33. The business has a 50 day moving average price of C$0.55 and a 200 day moving average price of C$0.53.
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.
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