Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report)'s stock price fell 20.2% during mid-day trading on Thursday . The company traded as low as C$0.94 and last traded at C$0.99. 2,140,490 shares changed hands during trading, an increase of 450% from the average session volume of 388,968 shares. The stock had previously closed at C$1.24.
Reconnaissance Energy Africa Stock Down 15.3 %
The business's 50 day simple moving average is C$1.04 and its 200-day simple moving average is C$1.01. The stock has a market capitalization of C$190.90 million, a price-to-earnings ratio of 2.06 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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