Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) rose 5.6% on Friday . The company traded as high as C$0.95 and last traded at C$0.95. Approximately 227,723 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 305,512 shares. The stock had previously closed at C$0.90.
Reconnaissance Energy Africa Stock Performance
The firm has a 50-day moving average of C$0.96 and a 200-day moving average of C$1.10. The firm has a market capitalization of C$251.88 million, a P/E ratio of 2.71 and a beta of 1.24.
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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