Reconnaissance Energy Africa (CVE:RECO) Trading 5.5% Higher

Reconnaissance Energy Africa Ltd. (CVE:RECOGet Free Report) rose 5.5% during mid-day trading on Monday . The stock traded as high as C$1.35 and last traded at C$1.35. Approximately 329,413 shares were traded during trading, an increase of 32% from the average daily volume of 250,046 shares. The stock had previously closed at C$1.28.

Reconnaissance Energy Africa Stock Performance

The stock has a market cap of C$333.50 million, a P/E ratio of -8.11 and a beta of 1.38. The stock’s fifty day moving average is C$1.06 and its 200 day moving average is C$1.06.

Reconnaissance Energy Africa Company Profile

(Get Free Report)

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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