Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shares traded up 1.9% on Thursday . The company traded as high as C$1.09 and last traded at C$1.08. 40,112 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 259,987 shares. The stock had previously closed at C$1.06.
Reconnaissance Energy Africa Stock Down 0.9 %
The company's fifty day moving average price is C$1.05 and its two-hundred day moving average price is C$1.07. The company has a market cap of C$283.70 million, a price-to-earnings ratio of 3.06 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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