Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shares traded down 23.5% during trading on Monday . The company traded as low as C$0.64 and last traded at C$0.65. 892,949 shares traded hands during trading, an increase of 93% from the average session volume of 461,904 shares. The stock had previously closed at C$0.85.
Reconnaissance Energy Africa Stock Performance
The stock has a 50-day simple moving average of C$1.02 and a 200 day simple moving average of C$1.01. The company has a market cap of C$198.86 million, a price-to-earnings ratio of 2.14 and a beta of 1.24.
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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