Reconnaissance Energy Africa (CVE:RECO) Shares Up 5.6%

Reconnaissance Energy Africa Ltd. (CVE:RECO)’s stock price shot up 5.6% on Thursday . The company traded as high as C$1.61 and last traded at C$1.60. 124,994 shares changed hands during trading, a decline of 52% from the average session volume of 261,653 shares. The stock had previously closed at C$1.52.

Reconnaissance Energy Africa Price Performance

The stock has a market cap of C$372.60 million, a PE ratio of -7.97 and a beta of 1.38. The business has a 50 day moving average price of C$1.20 and a two-hundred day moving average price of C$1.11.

Reconnaissance Energy Africa Company Profile

Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas potential in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 kilometer square located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square kilometer square located in northwestern Botswana.