Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares were up 20% on Wednesday . The stock traded as high as C$0.59 and last traded at C$0.57. Approximately 884,772 shares were traded during mid-day trading, an increase of 136% from the average daily volume of 374,896 shares. The stock had previously closed at C$0.48.
Reconnaissance Energy Africa Price Performance
The company’s fifty day simple moving average is C$0.48 and its 200-day simple moving average is C$0.51. The firm has a market capitalization of C$239.66 million, a PE ratio of 2.29 and a beta of -0.19.
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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