Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shot up 1.9% on Thursday . The company traded as high as C$1.09 and last traded at C$1.08. 40,112 shares changed hands during trading, a decline of 85% from the average session volume of 259,987 shares. The stock had previously closed at C$1.06.
Reconnaissance Energy Africa Stock Performance
The firm has a market cap of C$283.70 million, a price-to-earnings ratio of 3.06 and a beta of 1.24. The business has a fifty day simple moving average of C$1.05 and a 200-day simple moving average of C$1.07.
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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