Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report)'s share price traded down 12.8% during trading on Friday . The stock traded as low as C$0.78 and last traded at C$0.85. 534,418 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 419,697 shares. The stock had previously closed at C$0.98.
Reconnaissance Energy Africa Stock Up 9.7 %
The company has a market cap of C$209.46 million, a price-to-earnings ratio of 2.26 and a beta of 1.24. The business's fifty day simple moving average is C$1.03 and its two-hundred day simple moving average is C$1.01.
About Reconnaissance Energy Africa
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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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