Reconnaissance Energy Africa (CVE:RECO) Trading Down 13.2% – Here’s What Happened
by Tristan Rich · The Markets DailyReconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) traded down 13.2% during mid-day trading on Friday . The stock traded as low as C$0.87 and last traded at C$0.89. 3,474,864 shares were traded during mid-day trading, an increase of 77% from the average session volume of 1,962,282 shares. The stock had previously closed at C$1.02.
Reconnaissance Energy Africa Price Performance
The stock has a market capitalization of C$297.18 million, a price-to-earnings ratio of 2.84 and a beta of 0.20. The company has a 50-day simple moving average of C$0.77 and a two-hundred day simple moving average of C$0.60.
About Reconnaissance Energy Africa
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. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.