Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price shot up 17.6% during mid-day trading on Monday . The company traded as high as C$1.25 and last traded at C$1.20. 1,516,772 shares traded hands during mid-day trading, an increase of 369% from the average session volume of 323,099 shares. The stock had previously closed at C$1.02.
Reconnaissance Energy Africa Stock Performance
The stock has a market capitalization of C$318.17 million, a price-to-earnings ratio of 3.43 and a beta of 1.24. The company has a 50 day moving average of C$0.99 and a 200 day moving average of C$1.10.
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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