Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report)'s share price was up 20.2% during trading on Wednesday . The company traded as high as C$1.19 and last traded at C$1.19. Approximately 1,078,602 shares changed hands during trading, an increase of 280% from the average daily volume of 284,094 shares. The stock had previously closed at C$0.99.
Reconnaissance Energy Africa Trading Up 25.3 %
The company has a fifty day moving average price of C$1.05 and a two-hundred day moving average price of C$1.02. The firm has a market cap of C$328.77 million, a P/E ratio of 3.54 and a beta of 1.24.
Reconnaissance Energy Africa Company Profile
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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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