Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) were up 15.9% during mid-day trading on Wednesday . The company traded as high as C$0.53 and last traded at C$0.51. Approximately 216,519 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 371,475 shares. The stock had previously closed at C$0.44.
Reconnaissance Energy Africa Price Performance
The company has a market cap of C$163.71 million, a PE ratio of 1.56 and a beta of -0.19. The firm has a 50-day simple moving average of C$0.53 and a two-hundred day simple moving average of 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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