Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares dropped 6.8% during mid-day trading on Friday . The stock traded as low as C$0.89 and last traded at C$0.90. Approximately 287,018 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 458,253 shares. The stock had previously closed at C$0.96.
Reconnaissance Energy Africa Stock Performance
The stock has a market capitalization of C$297.18 million, a P/E ratio of 2.84 and a beta of 0.34. The business has a fifty day simple moving average of C$0.57 and a 200-day simple moving average of C$0.53.
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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