Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) dropped 13.8% on Friday . The company traded as low as C$0.78 and last traded at C$0.84. Approximately 1,040,558 shares traded hands during trading, an increase of 134% from the average daily volume of 444,569 shares. The stock had previously closed at C$0.98.
Reconnaissance Energy Africa Price Performance
The firm has a 50 day moving average price of C$1.03 and a 200-day moving average price of C$1.01. The firm has a market cap of C$209.46 million, a price-to-earnings ratio of 2.26 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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