Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares traded up 11.1% during mid-day trading on Wednesday . The company traded as high as C$0.72 and last traded at C$0.70. 353,392 shares changed hands during trading, an increase of 0% from the average session volume of 352,032 shares. The stock had previously closed at C$0.63.
Reconnaissance Energy Africa Stock Performance
The firm’s 50 day simple moving average is C$0.74 and its 200 day simple moving average is C$0.91. The firm has a market capitalization of C$144.28 million, a price-to-earnings ratio of -5.68 and a beta of 1.24.
Reconnaissance Energy Africa Company Profile
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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