Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shares were up 3.9% on Wednesday . The stock traded as high as C$1.09 and last traded at C$1.07. Approximately 166,270 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 317,123 shares. The stock had previously closed at C$1.03.
Reconnaissance Energy Africa Trading Down 4.7 %
The company has a market cap of C$270.44 million, a price-to-earnings ratio of 2.91 and a beta of 1.24. The business's 50 day moving average price is C$1.02 and its 200-day moving average price is C$1.09.
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.
Read More
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
