Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report)'s stock price was down 21% on Thursday . The company traded as low as C$0.94 and last traded at C$0.98. Approximately 1,857,040 shares traded hands during mid-day trading, an increase of 410% from the average daily volume of 363,787 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Trading Down 15.3 %
The firm has a market capitalization of C$190.90 million, a price-to-earnings ratio of 2.06 and a beta of 1.24. The stock has a fifty day moving average price of C$1.04 and a 200-day moving average price of C$1.01.
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.
See Also
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
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
