Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report)'s share price rose 17.2% during mid-day trading on Wednesday . The stock traded as high as C$1.19 and last traded at C$1.16. Approximately 1,239,120 shares changed hands during trading, an increase of 322% from the average daily volume of 293,861 shares. The stock had previously closed at C$0.99.
Reconnaissance Energy Africa Stock Performance
The firm has a market cap of C$328.77 million, a P/E ratio of 3.54 and a beta of 1.24. The company has a 50 day moving average of C$1.05 and a 200 day moving average of C$1.02.
Reconnaissance Energy Africa Company Profile
(
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
