Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) were down 7.9% during mid-day trading on Wednesday . The company traded as low as C$1.06 and last traded at C$1.11. Approximately 275,722 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 322,746 shares. The stock had previously closed at C$1.20.
Reconnaissance Energy Africa Stock Performance
The company has a market cap of C$286.35 million, a price-to-earnings ratio of 3.09 and a beta of 1.24. The business has a 50-day simple moving average of C$1.00 and a 200-day simple moving average of C$1.10.
Reconnaissance Energy Africa Company Profile
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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