Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) rose 37.5% on Wednesday . The stock traded as high as C$0.76 and last traded at C$0.66. Approximately 7,612,463 shares changed hands during trading, an increase of 1,780% from the average daily volume of 404,857 shares. The stock had previously closed at C$0.48.
Reconnaissance Energy Africa Price Performance
The company has a 50-day moving average of C$0.48 and a two-hundred day moving average of C$0.51. The company has a market capitalization of C$226.16 million, a PE ratio of 2.16 and a beta of -0.19.
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.
Further Reading
- Five stocks we like better than Reconnaissance Energy Africa
- Canada Bond Market Holiday: How to Invest and Trade
- Wall Street Punished CrowdStrike for Beating Earnings? Seriously?
- What Are the U.K. Market Holidays? How to Invest and Trade
- Okta: Excuses to Sell Vs. Reasons to Buy
- Want to Profit on the Downtrend? Downtrends, Explained.
- NASA Calls, Plug Answers: A Turning Point for Hydrogen?
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.
