Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price fell 21.4% during mid-day trading on Thursday . The company traded as low as C$0.94 and last traded at C$0.98. 2,709,108 shares traded hands during mid-day trading, an increase of 561% from the average session volume of 410,035 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Stock Performance
The stock’s 50-day moving average price is C$1.06 and its 200-day moving average price is C$1.02. The company has a market capitalization of C$258.51 million, a price-to-earnings ratio of 2.79 and a beta of 1.24.
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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