Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) dropped 12.9% during trading on Wednesday . The company traded as low as C$1.14 and last traded at C$1.15. Approximately 1,721,736 shares were traded during trading, an increase of 3% from the average daily volume of 1,664,282 shares. The stock had previously closed at C$1.32.
Reconnaissance Energy Africa Trading Down 12.9%
The company has a fifty day moving average price of C$0.75 and a two-hundred day moving average price of C$0.59. The firm has a market cap of C$388.36 million, a P/E ratio of 3.71 and a beta of 0.20.
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. Reconnaissance Energy Africa Ltd. is headquartered in Vancouver, Canada.
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