Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) traded up 5.6% during mid-day trading on Friday . The stock traded as high as C$0.95 and last traded at C$0.95. 227,723 shares were traded during trading, a decline of 25% from the average session volume of 305,512 shares. The stock had previously closed at C$0.90.
Reconnaissance Energy Africa Stock Performance
The business has a 50 day moving average of C$0.96 and a two-hundred day moving average of C$1.10. The stock has a market capitalization of C$251.88 million, a PE ratio of 2.71 and a beta of 1.24.
About Reconnaissance Energy Africa
(
Get Free Report)
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.
Recommended Stories
Before you consider Reconnaissance Energy Africa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reconnaissance Energy Africa wasn't on the list.
While Reconnaissance Energy Africa currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
