Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s share price fell 2.6% during mid-day trading on Thursday . The stock traded as low as C$1.10 and last traded at C$1.12. 748,000 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 940,039 shares. The stock had previously closed at C$1.15.
Reconnaissance Energy Africa Stock Down 3.6%
The firm has a market cap of C$412.32 million, a P/E ratio of -21.60 and a beta of 0.11. The firm has a fifty day moving average of C$1.03 and a 200-day moving average of C$0.84.
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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