Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) traded up 11.3% during mid-day trading on Monday . The company traded as high as C$0.60 and last traded at C$0.59. 93,220 shares traded hands during trading, a decline of 73% from the average session volume of 350,982 shares. The stock had previously closed at C$0.53.
Reconnaissance Energy Africa Trading Down 5.1 %
The company has a fifty day simple moving average of C$0.74 and a two-hundred day simple moving average of C$0.91. The stock has a market capitalization of C$136.94 million, a P/E ratio of -5.39 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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