Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$0.57 and traded as high as C$0.59. Reconnaissance Energy Africa shares last traded at C$0.58, with a volume of 249,160 shares traded.
Reconnaissance Energy Africa Trading Up 11.5%
The stock’s 50-day simple moving average is C$0.57 and its 200-day simple moving average is C$0.86. The stock has a market cap of C$241.26 million, a price-to-earnings ratio of -14.50 and a beta of -0.44.
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. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.
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