Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) rose 11.1% during mid-day trading on Wednesday . The company traded as high as C$0.72 and last traded at C$0.70. Approximately 353,392 shares traded hands during trading, an increase of 0% from the average daily volume of 352,032 shares. The stock had previously closed at C$0.63.
Reconnaissance Energy Africa Stock Performance
The firm has a market cap of C$168.73 million, a P/E ratio of -6.65 and a beta of 1.24. The firm’s fifty day moving average is C$0.75 and its 200 day moving average is C$0.92.
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.
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