Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report)’s stock price was up 3.1% during trading on Wednesday . The company traded as high as C$1.02 and last traded at C$1.00. Approximately 322,869 shares traded hands during trading, an increase of 6% from the average daily volume of 306,011 shares. The stock had previously closed at C$0.97.
Reconnaissance Energy Africa Price Performance
The company has a market capitalization of C$265.14 million, a price-to-earnings ratio of 2.80 and a beta of 1.23. The firm has a 50-day moving average price of C$1.04 and a two-hundred day moving average price of C$1.09.
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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