Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) shares rose 17.2% during trading on Wednesday . The stock traded as high as C$1.18 and last traded at C$1.16. Approximately 1,038,284 shares were traded during trading, an increase of 267% from the average daily volume of 283,244 shares. The stock had previously closed at C$0.99.
Reconnaissance Energy Africa Trading Up 25.3 %
The stock has a 50-day moving average price of C$1.05 and a two-hundred day moving average price of C$1.02. The stock has a market cap of C$328.77 million, a price-to-earnings ratio of 3.54 and a beta of 1.24.
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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