Shares of Reconnaissance Energy Africa Ltd. (CVE:RECO – Get Free Report) traded up 13.1% during mid-day trading on Wednesday . The company traded as high as C$1.14 and last traded at C$1.12. 586,506 shares changed hands during mid-day trading, an increase of 125% from the average session volume of 260,230 shares. The stock had previously closed at C$0.99.
Reconnaissance Energy Africa Trading Up 16.2 %
The business’s 50-day simple moving average is C$1.05 and its 200-day simple moving average is C$1.02. The company has a market capitalization of C$304.91 million, a PE ratio of 3.29 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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