Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO - Get Free Report) shot up 17.6% during mid-day trading on Monday . The stock traded as high as C$1.25 and last traded at C$1.20. 1,516,772 shares were traded during trading, an increase of 369% from the average session volume of 323,099 shares. The stock had previously closed at C$1.02.
Reconnaissance Energy Africa Price Performance
The business has a fifty day moving average price of C$0.99 and a 200-day moving average price of C$1.10. The company has a market cap of C$318.17 million, a P/E ratio of 3.43 and a beta of 1.24.
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.
See Also
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
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
