Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price dropped 7.5% during trading on Tuesday . The company traded as low as C$0.48 and last traded at C$0.49. Approximately 404,168 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 374,537 shares. The stock had previously closed at C$0.53.
Reconnaissance Energy Africa Stock Performance
The company has a market cap of C$165.40 million, a PE ratio of 1.58 and a beta of -0.19. The business’s 50-day moving average is C$0.54 and its 200 day moving average is C$0.52.
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.
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