Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) fell 1.9% on Wednesday. The stock traded as low as C$0.52 and last traded at C$0.52. 44,500 shares traded hands during trading, a decline of 93% from the average session volume of 631,918 shares. The stock had previously closed at C$0.53.
Reconnaissance Energy Africa Trading Down 3.4%
The company has a 50-day moving average price of C$0.57 and a two-hundred day moving average price of C$0.86. The stock has a market cap of C$232.94 million, a P/E ratio of -14.00 and a beta of -0.44.
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. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.
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