Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) traded up 25.3% on Thursday . The company traded as high as C$1.26 and last traded at C$1.24. 1,389,000 shares traded hands during trading, an increase of 360% from the average session volume of 301,630 shares. The stock had previously closed at C$0.99.
Reconnaissance Energy Africa Stock Performance
The company has a market cap of C$265.14 million, a price-to-earnings ratio of 2.86 and a beta of 1.24. The stock's fifty day moving average is C$1.06 and its two-hundred day moving average is C$1.02.
About Reconnaissance Energy Africa
(
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.
Featured Articles
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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
