Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) traded up 9.5% during trading on Friday . The company traded as high as C$1.07 and last traded at C$1.04. 348,225 shares were traded during trading, an increase of 69% from the average session volume of 205,746 shares. The stock had previously closed at C$0.95.
Reconnaissance Energy Africa Price Performance
The stock has a 50 day moving average price of C$0.97 and a 200-day moving average price of C$1.04. The stock has a market capitalization of C$264.50 million, a P/E ratio of -5.53 and a beta of 1.35.
Reconnaissance Energy Africa Company Profile
Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas potential in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 kilometer square located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square kilometer square located in northwestern Botswana.
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